Lump sum repayment
Working out the impact of making lump sum repayments
Want to work out what impact making a lump sum repayment will have on your mortgage?
Our lump sum calculator gives you an estimate of the impact certain lump sum payments will
have on the total interest and loan term of your loan.
This is a handy step if you have a large amount of savings or funds, and you are deciding
whether making a lump sum payment is suitable for you.
By entering the loan amount, the interest rate and remaining term, and adding in how much
the lump sum will be and when it will be paid, this calculator will provide an estimate of the
interest savings and new loan term from making that lump sum payment.
Make sure you enter realistic figures so that you can give yourself a more accurate picture. This
can help you plan more effectively. To work out impact of making regular smaller repayments,
pair this calculator with our extra repayment calculator.
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative”
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