Hello,
Just wondering if anyone knows of a way (or site, etc) I can calculate the time it would take us to pay off our PPOR by making x amount of extra repayments upto say year 5 of the loan and then pay a different amount from that time onwards? I've tried to do it by breaking it up on two different online calculators but I don't think this is accurate due to compounding interest.
Thanks
Just wondering if anyone knows of a way (or site, etc) I can calculate the time it would take us to pay off our PPOR by making x amount of extra repayments upto say year 5 of the loan and then pay a different amount from that time onwards? I've tried to do it by breaking it up on two different online calculators but I don't think this is accurate due to compounding interest.
Thanks