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Well done on the jokes my friend. Amusing and relevant. I must admit, I wasn't expecting to be noticed so rapidly.

I just wanted to say thanks again to every one of the people who posted here. Greatly appreciated. I will be seeing a broker prior to the commencement of year #3 of my home loan and in the mean time, surplus funds are headed to a saving account accruing 5.75% interest. There's still a lot of...

Thanks Rolf. Just in case you or anyone knows, is it unheard of for an ERA to be based on the portion of a loan that is split? e.g. If I split the loan 50/50 would I pay 50% of the full ERA?

BMan, I readily admit a 15 year fixed loan was a bad choice. Rolf, you make valid points. So, everyone. This topic has been valuable. I made good progress tweaking the calculator Terry provided, and have an idea of where I'm headed from now which is what I needed to know. Having made...

Bigtone, I'm not an engineer but I do take a very scientific, analytical and technical approach to much of life. Terry, after a quick fiddle, that template looks to be quite useful providing I can tweak it a little. Much appreciated!

Alex, I appreciate your responses considerably though you appear object to my desire to understand as much about the non-variable aspects of my financial situation as I can. Perhaps I've given the ironic impression of tunnel vision because I have made one thread on one aspect of my finances...

Alex, Pete, I'm not running a tight ship financially, Perhaps "safe" was an unwise choice of word. I have maxed out my allowable extra repayments in year 1 and year 2 of this loan period with ease, I am simply someone who has a strong desire for accuracy. I know, if I wish, I can pay the $10k...

I have looked into it - another reason I want to calculate some scenarios to work out my best course of action. However, the loan is only 20 months in. 6 months ago refinancing would have cost me $18k. Because of drops in interest rates, as of two weeks ago it would cost me $38k to refinance...

Hey Rolf, Impact on the balance of the loan (and therefore, its duration, and the amount of interest to be paid/saved). Because there's a maximum amount I can repay annually, I want to determine how best to approach the loan within my limited options, given that I want to purchase my...

I've struggled to find and advanced Home Loan/Extra Repayments calculator and I'm not savvy enough with excel to know precicely how to formulate one myself. I have searched the forum too. I'm wondering if anyone had made or found one, which calculates interest daily so it's extremely...