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Please note that this is a simple calculator and the author will not be held responsible its use          
Contact a financial advisor if you need assistance.        
             
Home Mortgage and Debt Repayment Calculator- the benefit of early and continuing payments      
Fill in all the blue cells and then look at/ print the summary below in yellow                
We have left some sample numbers in the cells to show you what to do. Delete them and put in your own numbers          
     
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Inputs            
Loan Amount- How much the bank will give you          
Term of repayments- Number of months (maximum of 300)        
Interest Rate          
As a result the approximate minimum repayment will be        
             
How much extra will you put in each month          
What will you increase it by each year (0% if nothing)        
             
When loan repaid, what do you plan to do with your monthly payments
     
             
If you invest it what do you think your return will be (%)        
What do you think houses will grow at over the period (%)        
             
Summary         Loan will be repaid fully in    
Total Drawdown from bank                  
                     
Total Scheduled Repayments made                  
Total Additional Repayments made                  
                     
Interest Paid over life of loan                  
                     
In 30 years time you will have                    
A house worth at least the purchase price with no debt                
If the house grows at your expected rate it will be worth another              
Investments worth                  
Assets Worth                  
             
                     
Detailed Calculations          
Month Interest Rate Opening Balance Drawdown Interest Charge Additional Contribution made Required Repayment Close Balance  
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Please note that this is a simple calculation and the author will not be held responsible for any claims that result out of the use      
of the calculator. Contact a financial advisor if you need assistance.  
 
 
Investment Returns      
               
         
Month Interest Rate Opening Balance Invested Income Earned Close Balance   Additional Contribution made for investments after mortgage repaid   For Graph purposes- IGNORE
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