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Mortgage Specialists for over 20 Years

How Long to Repay?

How Long to Repay?

 

This mortgage calculator allows you to the amount you would like to pay per period and calculates how long it will take to pay off your home loan.

While most borrowers simply apply for a standard 25 or 30 year home loan and set about repaying the minimum monthly amount required under their mortgage, others prefer to nominate a set repayment amount that they know they can comfortably afford.

By putting together a budget you can quickly determine your surplus monthly cash and decide upon the monthly amount you can put towards your home loan repayments.

This mortgage calculator will show you how long it will take you to repay your mortgage on the basis of your budgeted amount. As an example a $2500 monthly payment towards the repayment of a $350,000 home loan @ 5.75% will see your loan fully repaid in around 19 years.

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