How Long to Repay Calculator
Instead of asking what the repayment is, this calculator asks the reverse question. Tell it what you can afford to pay each month and it tells you how long the loan will take to clear.
Use the how long to repay calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the how long to repay calculator tells you
What it shows
The number of years and months to fully repay the loan at your chosen repayment amount.
What you need
Loan balance, interest rate, and the repayment you can commit to.
What to do next
Once you have a target payoff date, we can structure the loan to support it.
Three things worth testing
- Test two or three repayment levels to find the point where the payoff date moves sharply.
- Factor in a rate rise before locking your repayment at the maximum you can afford.
- Leave some headroom rather than committing every spare dollar.
Frequently asked questions
What happens if I cannot maintain the higher repayment?
Does this account for rate changes over the loan?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362