Lump Sum Payments
Lump Sum Payment
From time to time borrowers are able to make a one off lump sum repayment to their home loan.
This easy to use mortgage calculator allows you to quickly assess how much interest you will save on your mortgage should you reduce your home loan with a one-off lump sum payment. It will also show you the positive impact such a payment will have in relation to shortening the term of your home loan.
If you are in a position to reduce your non deductable home loan debt at any time during the life of your mortgage, it will save you time and money. Extra payments can be redrawn if needed at anytime.