MyLoanCalculator
Repayment ledger
Plan smarter · pay it off faster
See exactly how much your loan really costs — in seconds.
Drag the sliders to set your loan, then compare weekly, fortnightly and monthly repayments, model lump sums, and watch the years melt off your mortgage. No sign-up, no catch.
Mortgage Repayment & Payoff Calculator
Set your loan, then watch the monthly figure, total interest and payable update as you drag.
Your monthly repayment
$2,271
Principal & interest, over 360 months
Total interest
$417,616
Total payable
$817,616
Loan principal
$400,000
Standard repayment schedules
Each payment is calculated over the same loan term. These are not half-monthly payments. Frequency-only estimates exclude offsets and extra payments.
Weekly
$523.75 /wk
Fortnightly
$1,047.72 /2wk
Monthly
$2,271.16 /mo
Half-monthly every fortnight
Pay half the monthly amount 26 times per year: 13 monthly payments instead of 12. This needs 8.33% more annual cash, unlike standard fortnightly repayments. No offset is included.
Your fortnightly payment
$1,136 /2wk
Half of your $2,271 monthly repayment, every fortnight.
A higher annual budget, not free savings. Twice-monthly payments are only 24 halves and do not create an extra monthly payment.
New payoff date
2051
Cleared 5.1 years earlier than standard monthly
Interest saved
$83,007
Time saved
5.1 yrs
Standard payoff 2056 · selected payoff 2051 · savings versus monthly without an offset
Lump-sum impact
Add an extra payment each year or every second year to knock years off and save on interest.
One $6,000 boost each year, added on top of your regular monthly repayment.
New payoff date
2046
Cleared 10.0 years earlier than standard monthly
Interest saved
$155,644
Extra paid
$120,000
Standard payoff 2056 · with annual boost 2046
Extra repayments
Top up every fortnightly or monthly repayment with a voluntary amount and watch the loan melt away faster.
An extra $200 on top of every fortnightly repayment.
New fortnightly repayment
$1,248 /2wk
New payoff date
2047
Cleared 9.3 years earlier than standard fortnightly
Interest saved
$147,821
Extra contributed
$106,775
Savings compare standard fortnightly repayments with and without the top-up · selected payoff 2047
Offset account
Keep savings in a linked offset account to reduce the balance charged interest, without changing your monthly repayment.
Monthly repayment stays
$2,271 /mo
Interest is estimated on your loan balance minus $20,000. Your savings remain separate from the loan.
New payoff date
2054
Cleared 2.7 years earlier with the same monthly repayment
Interest saved
$74,413
Time saved
2.7 yrs
Offset-only savings compare the same monthly schedule with and without an offset; they are not added to other strategy savings. Assumes the balance stays constant. Actual benefits depend on your lender, account type and fees.
AI repayment guide
Choose a repayment schedule and get a plain-English explanation of your trade-offs and potential savings.
Repayment schedule
- Amount financed
- $400,000
- Offset balance
- $20,000
- Fortnightly repayment
- $1,047.72
- Scheduled per year
- $27,241
- Frequency-only interest saved
- $395
- Frequency-only time saved
- 0.0 yrs
- Offset-only interest saved
- $74,468
- Offset-only time saved
- 2.7 yrs
Frequency savings compare standard schedules without offsets. Offset savings compare your selected schedule with and without the offset. Half-monthly every fortnight is a separate, higher-annual-payment strategy, not this standard schedule.
Uses your current loan amount, deposit, interest rate, term and offset balance. No personal details are sent.
Your personalised explanation
Turn the numbers into your next step.
See what fortnightly repayments could mean for your budget, how much interest you might save, and what to confirm with your lender.
Repayment
$1,048 /2wk
Payoff estimate
27.3 yrs
Take your results with you
Your loan figures, offset-account savings and personalised AI repayment explanation, together in one PDF.