How long until you’ll be mortgage-free?
You’ve done your research regarding how much you can afford to borrow and what you want to buy, but you want to know how long it will be until you see the light at the end of the tunnel? Purchasing a home is a substantial commitment and our calculator can give you an estimate of how long it will take you to be mortgage-free.
This calculator requires you to input your home loan amount and your repayment frequency - monthly, fortnightly or weekly - to calculate the estimated length of your loan. Keep in mind that the more frequent your repayments, the more interest you are likely to save over the life of your loan. Check out our fortnightly repayments calculator or get in contact with a Mortgage Choice broker to find out how repayment frequency can impact the length of your loan.
Our mortgage brokers will sit down with you to discuss the right loan period for your circumstances and help to evaluate hundreds of loans from a wide choice of lenders to find the option that suits your needs.