Project your property value, loan balance and equity year by year, with an option for extra repayments.
See how your equity could build over time as the loan is paid down and the property value changes.
Your equity grows in two ways: the loan balance falls as you repay it, and the property value may rise or fall. This calculator projects both, year by year, so you can see how your equity could change.
Enter your property value, loan, interest rate, years left and an assumed growth rate. Add extra repayments to see how much sooner you could be loan-free.
Use it to compare scenarios. Set growth to 0% to see the equity you build from repayments alone, then try a higher rate to see how much price growth could add. Extra repayments show the effect of paying the loan down faster, and the usable equity column shows how much you could borrow against the property each year.
Equity grows when you repay loan principal and when the property value rises. If values fall, equity can shrink even while you repay the loan.
Nobody can know future property growth. Try several rates, including 0%, to see how much of your equity comes from repaying the loan rather than from price growth.
Yes. Extra repayments reduce the loan balance sooner, which raises equity and cuts the interest you pay.
Selling costs, taxes, redraws, further borrowing, renovations and changes in interest rates. It is general information, not financial advice.
Work out your home equity and how much you could borrow against it.
Check if your equity and savings could cover the deposit and costs of another property.
Compare extra mortgage repayments with extra super contributions, to age 67.
General information only, not financial advice. Check important figures with the relevant authority or a licensed adviser before you act.