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Mortgage calculators

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Fortnightly & Weekly Repayment

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Fortnightly repayment

$2,248.31

MonthlyFortnightlyWeekly
Repayment$4,496.63$2,248.31$1,124.16
Total interest$868,786$682,696$681,871
Interest saved$0$186,090$186,916
Time saved5 yrs 6 mo5 yrs 6 mo
Loan balance chartFortnightlyMonthly
$0$250K$500K$750K$1.0M051015202530YearsAmount owing
Assumptions

Paying half the monthly amount each fortnight (26/yr) or a quarter each week (52/yr) adds the equivalent of an extra month a year, clearing the loan sooner. Constant rate assumed.

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation.

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Mortgage Station Pty Ltd ACN 050601093 is an Authorised Representative (Credit Representative Number 458488) of Mortgage Specialists Pty Ltd ACN 612 422 178 Australian Credit Licence 387025.The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention are taken in its preparation, any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates are subject to change. Approved applicants only.