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Use our additional payments calculator to work out how much you will save on your total home loan costs by paying extra into your bond.
How much would I save if I pay more?
If you find that you have surplus income, a good idea would be to use the additional payment/s towards your bond. This would be for more reasons than one, with the greatest being that you can pay your bond off in a much shorter period than originally expected. Additional payments can also save you a lot of money by lowering total interest payments on your bond. The additional payments calculator helps you find out how much money you will save and by how many years you will shorten the term of your home loan.
Now that you’ve seen how additional repayments can help you shorten your repayment term and save you a lot of money on your initial home loan, click here to apply for a further home loan that’ll pay off your home and give you additional finance to use where it’s needed most.
For assistance through this process, feel free to contact an ooba expert today!