Answer a few questions and get a personalised, step-by-step plan showing exactly how to pay off your mortgage years sooner, with real graphs and real numbers.
We'll use this to calculate your current payoff trajectory and measure how much you stand to gain from each strategy.
The amount you currently owe, find it on your latest loan statement or in your banking app.
Your best estimate of what your home is worth today. We use this to map your equity growth and show when you can scale your portfolio.
Check your most recent statement. The average Australian variable rate is currently 5.5% to 6.0%, if yours is higher, there's likely money to be saved.
Your loan statement will usually show this. If unsure, estimate based on when you took the loan out.
P&I is most common for owner-occupiers, each repayment reduces your balance. With interest-only, the balance stays constant which costs far more long-term.
This helps us see exactly how much cash flow you have to work with and where your biggest opportunities sit. Be as honest as you can, it's just for your plan.
All income after tax, salary, rental income, business income, etc. Combined if you have a partner contributing.
Groceries, utilities, transport, childcare, insurance, but not your mortgage repayment. Most people underestimate this by $500 to $1,000/month.
The balance in any offset account linked to your mortgage right now. This is already working for you, we'll show you how to maximise it.
Car loans, personal loans, credit card minimums. These compete directly with your mortgage paydown, we'll factor this into your plan.
Small structural habits compound dramatically over a 25-year loan. Let's find which easy wins you're currently leaving on the table.
Fortnightly repayments alone cut years off most loans, we'll show you exactly why and how much it saves you.
"Salary parking" keeps your full income reducing your daily interest for longer. Combined with a credit card for expenses, this is a powerful free tool.
Paying expenses on a card (paid in full monthly, zero interest) keeps your salary in your offset for the entire billing cycle. It's effectively a free interest saving.
The average Australian has $300 to $900/month in spending that could be redirected to their mortgage without significantly affecting their lifestyle. Check what applies.
Tell us what you could realistically change. We'll calculate the exact impact of each option and combine them into a personalised plan.
Your identified leaks from Step 3 (if any) will be added to this automatically. Even $200/month extra typically saves 3 to 5 years.
Fortnightly = 26 half-payments per year = 13 full repayments. That's one free extra repayment annually, every year, for the life of your loan.
Debt recycling converts non-deductible home loan debt into tax-deductible investment debt, building wealth while paying off your mortgage. We'll illustrate how it works with your numbers.
We will model negative gearing, tax deductions and a 10-year wealth projection based on your scenario.
If you already have investment properties, we'll factor in your total equity position and show how to accelerate your next acquisition.
With a pure interest-only loan, your balance never decreases on its own, you're paying the bank's profit but not reducing what you owe. Switching to Principal & Interest is the most impactful single change you can make. The calculations below show how extra repayments (treated as voluntary principal payments) can still accelerate your payoff, but we strongly recommend speaking to a Lendera broker about switching loan structure.
The shaded area between the two lines is interest you'll no longer pay. The blue line reaches zero when your loan is fully paid off.
Every dollar in the red/orange bar is money paid to the bank as interest, never seen again. With your plan, you reclaim a large chunk of it.
How many months each individual change saves. Combined, the effects compound, 1 + 1 + 1 often equals far more than 3.
All figures are indicative estimates based on the information you provided, using standard amortisation calculations. They assume a fixed interest rate and consistent repayment behaviour. Actual savings depend on your lender's policies, rate movements, and how consistently the strategies are applied. This tool provides general information only and does not constitute personal financial or credit advice. Lendera is operated by Vcap Connect Pty Ltd ABN 88 674 243 362, Credit Representative 555042 of Finsure Finance & Insurance Pty Ltd ACL 384704.