Your repayment will stay the same, but the portion that goes towards principal and interest changes every time.
Sign up below, and we'll send you a comprehensive breakdown of your repayments for free.
This will help you figure out how much you could save in interest by paying more frequently, and how much quicker you'll pay your loan off.(This feature is not ready yet, but you can sign up anyway).
This is a free tool designed by Joshua Singh and created by Akash Saggar.
This free tool was created in order to simplify the convoluted process of finding out how much needs to be paid every week/fortnight/month/year for a loan. It is no-nonsense and can be used by anyone easily. It can calculate repayments for any kind of loan or debt, not just a mortgage.
DISCLAIMER: The calculations produced by this tool are to be used as a guide only, as real results may vary based on how your specific bank calculates repayments. Factors include how long they consider one month to be (28 days, 30 days, or 31 days), and how long they consider a year to be.