Mortgage amortization calculator with extra payments and lump sum

4.10%p.a. 4.12%p.a. $1,933 Variable $0 $520 70% More details FEATURED

Min 30% deposit
No monthly or ongoing fees, add 0.10% for offset
Unlimited redraws

Table of Contents Show

Does my mortgage payment change if I make a lump sum?
Is it better to put lump sum on mortgage or extra monthly?
How does Amortization work with extra payments?

Min 30% deposit
No monthly or ongoing fees, add 0.10% for offset
Unlimited redraws

4.04%p.a. 3.96%p.a. $1,919 Variable $0 $0 80% More details FEATUREDREFINANCE ONLY

A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.

A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.

4.29%p.a. 4.31%p.a. $1,977 Variable $250 $250 60% More details FEATUREDAN EASY DIGITAL APPLICATION

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.14%p.a. 4.22%p.a. $1,942 Variable $0 $887 60% More details 100% FULL OFFSET ACCOUNT

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.29%p.a. 4.29%p.a. $1,977 Variable $0 $363 60% More details UNLIMITED EXTRA REPAYMENTS

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.29%p.a. 4.54%p.a. $1,977 Variable $248 $363 60% More details 100% FULL OFFSET ACCOUNT

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.35%p.a. 4.71%p.a. $1,991 Variable $0 $520 80% More details UNLIMITED REDRAWS

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.34%p.a. 4.59%p.a. $1,989 Variable $248 $363 70% More details 100% FULL OFFSET ACCOUNT

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.39%p.a. 4.41%p.a. $2,001 Variable $250 $250 80% More details Get ahead with up to $4000 cashback*

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

4.39%p.a. 4.39%p.a. $2,001 Variable $0 $363 80% More details GREAT FLEXIBLE LOAN OPTIONS

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

4.39%p.a. 4.64%p.a. $2,001 Variable $248 $363 80% More details 100% FULL OFFSET ACCOUNT

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

4.98%p.a. 5.00%p.a. $2,142 Variable $0 $520 80% More details

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

5.34%p.a. 4.87%p.a. $2,231 Fixed $250 $250 80% More details

Easy, digital application process
Market leading app to help you pay off your loan sooner
No on-going fees

Easy, digital application process
Market leading app to help you pay off your loan sooner
No on-going fees

5.39%p.a. 5.55%p.a. $2,244 Fixed $250 $250 85% More details Get ahead with up to $4000 cashback*

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

5.49%p.a. 5.53%p.a. $2,269 Variable $0 $0 95% More details

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

5.69%p.a. 5.70%p.a. $2,319 Variable $5 $910 90% More details

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

*New customers borrowing at least $250,000 can get between $3,000 and $4,000 in cashback. Terms and conditions apply.

4.38%p.a. 4.80%p.a. $1,998 Variable $0 $520 90% More details FEATURED

Low rate home loan with added benefits, add offset for 0.10%
Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old
Get a 7.0 star NatHERS rating or higher for up to 1.59% discount on your variable rate home loan T&Cs apply

Low rate home loan with added benefits, add offset for 0.10%
Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old
Get a 7.0 star NatHERS rating or higher for up to 1.59% discount on your variable rate home loan T&Cs apply

5.19%p.a. 4.77%p.a. $2,194 Fixed $250 $250 80% More details FEATUREDUSE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.39%p.a. 6.98%p.a. $2,244 Fixed $8 $0 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.69%p.a. 6.05%p.a. $2,319 Variable $395 $0 70% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.49%p.a. 6.42%p.a. $2,269 Fixed $395 $200 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.74%p.a. 6.13%p.a. $2,332 Fixed $395 $0 80% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.54%p.a. 5.67%p.a. $2,281 Fixed $10 $910 90% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.79%p.a. 6.14%p.a. $2,344 Variable $395 $0 80% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.35%p.a. 4.65%p.a. $2,234 Fixed $0 $363 80% More details NO ONGOING FEES

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.24%p.a. 5.65%p.a. $2,206 Fixed $10 $910 90% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.54%p.a. 7.03%p.a. $2,281 Fixed $8 $800 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.54%p.a. 5.14%p.a. $2,281 Fixed $0 $520 90% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.64%p.a. 6.67%p.a. $2,306 Fixed $8 $800 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.94%p.a. 6.79%p.a. $2,383 Fixed $8 $600 70% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.95%p.a. 5.99%p.a. $2,385 Variable $0 $0 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.79%p.a. 6.62%p.a. $2,344 Fixed $395 $200 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.89%p.a. 6.09%p.a. $2,370 Fixed $395 $0 70% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.94%p.a. 5.33%p.a. $2,383 Fixed $0 $520 90% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.94%p.a. 6.97%p.a. $2,383 Fixed $8 $800 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.99%p.a. 5.40%p.a. $2,396 Fixed $0 $520 90% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

5.99%p.a. 6.63%p.a. $2,396 Fixed $395 $200 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

6.14%p.a. 6.93%p.a. $2,434 Fixed $8 $800 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

6.69%p.a. 6.88%p.a. $2,578 Fixed $395 $200 95% More details

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

Get ahead with up to $4000 cashback*
Unlimited additional repayments
Easy online application, find out if you're approved quick!
*When you purchase or refinance an eligible home loan. Apply by 30/11/22. Settle by 31/01/23. Exclusions and T&Cs Apply.

4.03%p.a. 4.04%p.a. $1,917 Variable $0 $0 90% More details NO ONGOING FEESFREE REDRAW FACILITY

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

4.03%p.a. 4.16%p.a. $1,917 Variable $0 $0 90% More details

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

4.24%p.a. 4.57%p.a. $1,965 Variable $0 $0 70% More details

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Does my mortgage payment change if I make a lump sum?

When you make a lump-sum payment on your mortgage, your lender usually applies it to your principal. In other words, your mortgage balance will go down, but your payment amount and due dates won't change.

Is it better to put lump sum on mortgage or extra monthly?

Save on interest Since your interest is calculated on your remaining loan balance, making additional principal payments every month will significantly reduce your interest payments over the life of the loan.

How does Amortization work with extra payments?

Even a single extra payment made each year can reduce the amount of interest and shorten the amortization, as long as the payment goes toward the principal and not the interest (make sure your lender processes the payment this way).