Professional car detailing

Fortnightly Repayments Calculator

See how switching to fortnightly repayments can help you pay off your home loan faster and save on interest.

Fortnightly Repayment Calculator


1. Your details


Loan term
yrs
Loan amount
$
Interest rate
%
How many monthly payments have you already made?

2. Results


This calculator will show you how much you will save if you make 1/2 of your monthly mortgage payment every two weeks instead of once a month. In effect, you are making an extra payment each year. This reduces the loan term and interest paid.

Monthly repayments1/2 Monthly paid
Fortnightly
1/4 Monthly paid
Weekly
Repayments$2,098.43$1,049.21$524.61
Interest Saved$0.00$86,037.68$88,654.35
Total$755,433.66$669,395.98$666,779.31
Time Saved0 years5 years & 6 months5 years & 7 months

Monthly repayments assume principal & interest over the full loan term. Fortnightly and weekly amounts are half and one-quarter of that monthly instalment (rounded to cents). If you have already made monthly repayments, we assume those were at the contractual monthly amount; savings are calculated from your remaining balance forward under each frequency.

Note: This calculator is intended for illustrative purposes only and does not constitute financial advice. Results are estimates based on the information provided and do not account for fees, government charges, lenders mortgage insurance (LMI), or changes in interest rates. Please consult a licensed mortgage broker or financial adviser about your specific circumstances.

Ready for the next step?

Phone us on 0287 509 780

Our team are happy to help put you in touch with a broker local to your area.


Online enquiry

Complete our online enquiry form and we'll give you a call to connect you with one of our brokers.

icon
icon
icon

Ready To Find The Right Loan?

Our expert brokers are standing by to help you compare 75+ lenders and find the perfect match for your goals.

Get In Touch

Ready to take the first step? Free no-obligation mortgage assessment.

Select Interest Type