How much more do you have to pay off your home loan?
Want to know how far you’ve come through the mortgage process? Or know how many years are ahead of you? This simple calculator will help you to evaluate your progress through the years of your home loan.
By taking into account the amount you borrowed, the interest rate and your repayments, you can work out the total amount you will repay for your loan and the remaining balance after a certain number of years.
Knowing how much of your mortgage you have paid off can be a valuable asset, as the home equity you have built up could be used to finance renovations, or even to finance the purchase of another property. Talk to your Mortgage Choice broker today to explore how you can harness your equity.