Extra Payment Calculator
Extra payments simply refer to additional repayments made towards your home to reduce the duration of your home loan whilst also subsequently reducing the amount of interest applicable to your loan. This means that with more extra repayments, you could pay of your loan much sooner, making a massive difference in the long term.
At Mortgage Domayne, we provide the extra repayment calculator to help you understand how extra repayments can affect your home loan and benefit your mortgage within the long run. The calculator only requires a few details regarding your loan amount, interest rate, repayment frequency and extra contribution per payment.
If you have any further questions about extra payments or wish to discuss your results from the extra payment calculator, please contact us today to schedule an appointment.