If you already have a loan and you know how long you want to pay your loan off for, we have a ‘How Long’ and normal home loan calculator for you, free to use at payitinfive.com. The ‘How Long’ calculator can help you to plan if you already have a home loan.

These are special versions of home loan calculators as they give you the Principal-to-Interest split as well as the amount of interest you will pay in the first week, month, year and full life of the loan.

The ‘How Long’ calculator works out how long it will take you to pay your home loan off. And you can play around with it to see how the time changes if you increase your repayments. It’s a good little motivation. If you have already worked out how much you can repay that’s great, that will help you work out how long it will take you to repay.

If you are not happy with the length of time, try to find ways you can save or earn more money to speed it up.

Go on, try our ‘How Long’ calculator. And let it help you work out how long you want to pay your home loan off for.

Coming up next we talk about budgeting for additional costs when you buy.