Simple Mortgage Planner

Survey said that average Australian paid off their mortgage within 10 years, despite the average mortgage term is 30 years. This is probably due to the fact that interest rates has been declining for the past many years and Australian have been good with minimizing their spending.

While there are many calculators in the Internet, I find none serve the basic planning of extra prepayments (including the interest rate changes, planned bonuses, tax return, or planned large holiday).

Attached is a template and sample where you can tweak around and plan what your future balance may be like. See how soon you will be able to pay off your mortgage.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s