By making additional payments into your home loan, you will pay off the purchase price of your property sooner, and therefore save on interest.

The additional monthly amount you will be paying onto your home loan.

This rate will determine which percentage of your repayments go towards paying off interest, as opposed to reducing the capital you owe on your home loan.

The most common home loan term is 20 years (240 months), so that's what this repayment calculator uses, but you can change the loan term to see how the results will differ.