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Basic Loan Repayments

Basic Loan Repayments

A simple mortgage calculator that compares  4 home loan scenarios: 2 different interest rates and 2 different home loan terms.

The Basic Loan Repayment Calculator enables you to compare how much you will be required to pay on a weekly, fortnightly or monthly basis depending on the interest rate and the term of your home loan.

This mortgage calculator will demonstrate the savings you can make with a shorter loan term e.g. 25 years instead of the standard 30 years as well the benefit of even a slightly lower interest rate over the life of you home loan.

For example repaying a mortgage of $350,000 @ 5.75% p.a. over 25 years instead of 30 years will save you almost $75,000 in interest over the life of the home loan.

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