Remaining balance calculator
Countdown the years until you're financially free.
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If you would like to find out how much you have left on your mortgage, our remaining balance calculator can help. Even if you don't already have a loan, this calculator can be used to give you an idea of how much you might have paid off any number of years into your loan term.
As the calculator shows, each repayment that you make on your mortgage consists of a portion of interest and interest. Home loans are structured so that you start paying a lot of interest in the beginning and only a little principal. It's only during the last years of repayments that you start reducing the principal significantly.
This is why any additional repayments could make a difference as it cuts into your principal. As long as you have financial flexibility with your bank then you could have more control over your home loan, and not your lender.
You may also like to see our other loan calculators if you are still comparing loans or wish to analyse them in another way.
Find out how much you could save on your home loan
Enter your home loan amount, current interest rate and loan term below to see how much you could save by refinancing. Click on the green button to find out more about a loan on the lender's website.
After entering your details a mortgage broker from Aussie will call you. They will discuss your situation and help you find a suitable loan.
- A comparison of home loans from multiple lenders.
- Expert guidance through the entire application process.
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Plan ahead more effectively by knowing your remaining balance
Want to know how much you've paid off, or how many years you have left on your mortgage? Our calculator will help you analyse your progress.
By taking into account your loan term, loan amount, whether you had a fixed rate and for how long, along with you ongoing rate and long you are into your loan term - you can work out the total amount you've repaid and the remaining balance.
Having this information is handy because you can find out if you've built any equity, which you can access to reinvest.
Speak to a home loan specialist today to discuss your options and eligibility.Back to top
Other ways to find your remaining balance
Your lender will send you a statement, either electronically or by mail on a quarterly basis. These statements show you what your remaining balance is, the number of payments made and how much interest you've been charged.
If you would like to know your remaining balance right now you can go online to check your balance or give your lender a call.
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Home Loan OffersImportant Information*
Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.
Up to $4,000 refinance cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply).
A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.
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