Let’s face it…. none of us actually want a home loan. We simply want what the home loan gets us!
A 30 year loan term can be quite daunting, but you can see with this calculator that just increasing your repayments by a little can make a huge difference to the term of the loan and the amount of interest you pay.
You can read more about Debt Reduction Strategies here.
You may also like these calculators:
Fortnightly and weekly repayments
Extra repayments
Offset accounts