Please note that this is a simple calculator and the author will not be held responsible its use          
Contact a financial advisor if you need assistance.         
             
Debt Repayment Calculator (Home loan or other)- the benefit of early and continuing payments      
Fill in all the blue cells and then look at/ print the summary below in yellow                
We have left some sample numbers in the cells to show you what to do. Delete them and put in your own numbers          
     
         
             
Inputs            
Loan Amount- How much the bank will give you          
Term of repayments- Slide for months (maximum of 300)        
Interest Rate per annum          
As a result the approximate monthly repayment will be        
             
How much extra will you put in each month          
What will you increase it by each year (0% if nothing)        
             
When loan repaid, what do you plan to do with your monthly payments
     
             
If you invest it what do you think your return will be per year (%)      
What do you think house prices will grow at annually (%)        
             
Summary         Loan will be repaid fully in     
Total Drawdown from bank                  
                     
Total Scheduled Repayments made                  
Total Additional Repayments made                  
                     
Interest Paid over life of loan                  
                     
In 30 years time you will have                    
A house worth at least the purchase price with no debt                
If the house grows at your expected rate it will be worth another              
Investments worth                  
Assets Worth