Simulator - Sticky Rice Cakes

Loan Repayment Simulator

Repayment Type

Repayment Frequency

Home Loan Term

Annual Interest Rate

Loan Amount ($50,000 Minimum)

Initial Offset Amount

Monthly Extra Repayment

Monthly Extra Repayment Amount

Difference * Over the life of the home loan

	No Extra	Principle	Offset
Monthly Repayment	$2,533.43	$2,533.43	$2,533.43
Extra Repayment To	$0.00	$500.00	$500.00
Total Interest Paid	$412,033.56	$280,144.77	$280,144.77
Total Interest Saved	$0.00	$131,888.79	$131,888.79

Questions & Advise

Q: Which extra repayment method shall I choose, making extra repayment to principle or saving money to offset account?

Results * Over the life of the home loan

Monthly Repayment At 4.5%

$2,533.43 + $500.00 Extra

Total Interest Paid Over 21.5 Years

$280,144.77

Total Balance Paid Over 21.5 Years

$780,144.77

Interest You Could Save

Up to $131,888.79

Repayment Type	Principle & Interest	Minimum Monthly Repayment	$2,533.43
Repayment Frequency	Monthly	Extra Monthly Repayment	$500.00 to principle
Home Loan Term	30 Years	Total Monthly Repayment	$3,033.43
Interest Rate	4.5%	Total Interest Paid	$280,144.77
Loan Amount	$500,000.00	Total Interest Saved	Up to $131,888.79
Initial Offset Amount	$0.00	Paid Off By	21.5 Years

Results Breakdowns * Over the life of the home loan

Month

Repayment

Extra

Interest

Principle

Interest t/d

Principle t/d

Principle a/b

Offset a/b

001

$2,533.43

$500.00

$1,875.00

$658.43

$1,875.00

$1,158.43

$498,841.57

$0.00

002

$2,533.43

$500.00

$1,870.66

$662.77

$3,745.66

$2,321.20

$497,678.80

$0.00

003

$2,533.43

$500.00

$1,866.30

$667.13

$5,611.95

$3,488.33

$496,511.67

$0.00

004

$2,533.43

$500.00

$1,861.92

$671.51

$7,473.87

$4,659.84

$495,340.16

$0.00

005

$2,533.43

$500.00

$1,857.53

$675.90

$9,331.40

$5,835.74

$494,164.26

$0.00

006

$2,533.43

$500.00

$1,853.12

$680.31

$11,184.51

$7,016.05

$492,983.95

$0.00

007

$2,533.43

$500.00

$1,848.69

$684.74

$13,033.20

$8,200.78

$491,799.22

$0.00

008

$2,533.43

$500.00

$1,844.25

$689.18

$14,877.45

$9,389.96

$490,610.04

$0.00

009

$2,533.43

$500.00

$1,839.79

$693.64

$16,717.24

$10,583.60

$489,416.40

$0.00

010

$2,533.43

$500.00

$1,835.31

$698.12

$18,552.55

$11,781.72

$488,218.28

$0.00

011

$2,533.43

$500.00

$1,830.82

$702.61

$20,383.37

$12,984.33

$487,015.67

$0.00

012

$2,533.43

$500.00

$1,826.31

$707.12

$22,209.68

$14,191.44

$485,808.56

$0.00

013

$2,533.43

$500.00

$1,821.78

$711.64

$24,031.46

$15,403.09

$484,596.91

$0.00

014

$2,533.43

$500.00

$1,817.24

$716.19

$25,848.70

$16,619.28

$483,380.72

$0.00

015

$2,533.43

$500.00

$1,812.68

$720.75

$27,661.37

$17,840.02

$482,159.98

$0.00

016

$2,533.43

$500.00

$1,808.10

$725.33

$29,469.47

$19,065.35

$480,934.65

$0.00

017

$2,533.43

$500.00

$1,803.50

$729.92

$31,272.98

$20,295.27

$479,704.73

$0.00

018

$2,533.43

$500.00

$1,798.89

$734.53

$33,071.87

$21,529.81

$478,470.19

$0.00

019

$2,533.43

$500.00

$1,794.26

$739.16

$34,866.13

$22,768.97

$477,231.03

$0.00

020

$2,533.43

$500.00

$1,789.62

$743.81

$36,655.75

$24,012.78

$475,987.22

$0.00

021

$2,533.43

$500.00

$1,784.95

$748.47

$38,440.70

$25,261.25

$474,738.75

$0.00

022

$2,533.43

$500.00

$1,780.27

$753.16

$40,220.97

$26,514.41

$473,485.59

$0.00

023

$2,533.43

$500.00

$1,775.57

$757.86

$41,996.54

$27,772.27

$472,227.73

$0.00

024

$2,533.43

$500.00

$1,770.85

$762.57

$43,767.40

$29,034.84

$470,965.16

$0.00

025

$2,533.43

$500.00

$1,766.12

$767.31

$45,533.52

$30,302.15

$469,697.85

$0.00

026

$2,533.43

$500.00

$1,761.37

$772.06

$47,294.88

$31,574.21

$468,425.79

$0.00

027

$2,533.43

$500.00

$1,756.60

$776.83

$49,051.48

$32,851.04

$467,148.96

$0.00

028

$2,533.43

$500.00

$1,751.81

$781.62

$50,803.29

$34,132.65

$465,867.35

$0.00

029

$2,533.43

$500.00

$1,747.00

$786.42

$52,550.29

$35,419.08

$464,580.92

$0.00

030

$2,533.43

$500.00

$1,742.18

$791.25

$54,292.47

$36,710.33

$463,289.67

$0.00