Are you looking for a way to save significant amounts on interest for your home loan? Do you want to shorten your loan repayment period?
Additional lump sum repayments are a great way to help you save money and take months or even years off your home loan. Whether you got a great tax refund, an inheritance or a bonus, applying a lump sum payment to your home loan can make you a homeowner even sooner than you thought.
At McDonald Jones, we have a range of finance tools to help you understand your loan repayments and find the right home loan for you. With this lump sum repayment calculator, you can find out how much you can save by making a one-off lump sum repayment on top of your current repayments. The amortisation schedule that we provide can show you how your total interest expense changes as well. The larger the lump sum and the sooner you apply it, the more interest and time you could save.
Our MyChoice Home Loans calculators are the perfect starting point to help you get your finance journey moving. Use them to start building an understanding of your own financial situation before you chat to one of the friendly MyChoice Home Loans brokers.
When you’re buying a new home, budgeting is essential to being able to afford your loan payments. This tool asks for your annual income and expenses in order to help you better understand your financial position.
Shortening the length of your loan term by making additional repayments over and above your current repayments can provide significant interest savings. Calculate your savings with our extra repayments tool.
Want to know how long it will take you to repay your loan? It all depends on the repayment amount. See for yourself how long it would take to pay out your loan by altering your repayment amount.
Understand the difference between two current home loans on the market. Make a direct comparison to determine which delivers the best value over the term of the loan.
Get an easy way to calculate what your minimum weekly, fortnightly or monthly loan repayment would be on your borrowed amount.
If you're looking for a way to save significant amounts of money on interest as well as shorten your loan repayment period, use this calculator. Find out how much you can save by making a one-off lump sum repayment on top of your current repayments.
Thinking about your financial future? Set a savings goal. This tool can project how much you can accumulate over time with an initial amount and ongoing contributions.
Stamp duty varies from state to state. Use this state specific calculator to see how much stamp duty will be payable on the purchase of your new home or land.
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