This principal payback milestone calculator will calculate the repayment timings of the milestones associated with paying back your loan. The milestones used in this tool are split into 10% increments that have been fully paid back. This tool also allows the comparison of payback periods with or without an additional payment. Traditionally banks or other lenders may require a loan guarantor until the loan has 20% of principal equity in the property, this calculator will tell you how long it will take to get to that point.
Enter your information into the calculator below, and push Calculate.
| Principal Payback Milestone | Standard Payment Periods (Months) | Standard Payment Periods (Years) | Additional Payment Periods (Months) | Additional Payment Periods (Years) |
|---|---|---|---|---|
| 10% | ||||
| 20% | ||||
| 30% | ||||
| 40% | ||||
| 50% | ||||
| 60% | ||||
| 70% | ||||
| 80% | ||||
| 90% | ||||
| 100% |
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