This calculator will determine how long it will take to repay your mortgage, based on the current interest rate, and the size and frequency of your repayments.
Remember, if you make extra payments, your loan term will gradually be reduced. Things will also change if you refinance your home loan for better rates, or to do renovations to improve the value of your home.
If you want some more information on whether there are options you could use to pay down your mortgage sooner, you can get in touch with one of our Home Lending Specialists for a home loan health assessment. It's completely free of charge. Call 1300 366 287 today or make an enquiry online for a free consultation with a Positive Home Loan broker.