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This is calculated on a $300,000 loan at 5% interest per year and a fee of $2 a week

At repayments of $400 per week the total cost will be $536,971

At repayments of $420 per week the total cost will be $511,959

At repayments of $425 per week the total cost will be $506,564

To work out other possibilities, see www.moneysmart.gov.au/tools-and-resources/calculators-and-tools/mortgage-calculator and click the blue How can I repay my loan sooner?


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