Video with Sumit Joshi, RyRo Loan Centre
$50 a week extra could save you $100,000
- 0:35
- Posted 27 May 2025
- Read the transcript
What this video covers
How an extra $50 a week on a $700,000 loan could take years off the term and save a large amount of interest, at the example rate used in the video.
Related: Loan repayment calculator
Transcript
What Sumit says
0:00Do you know on a loan of $700,000 over 30 year loan term, the total interest that you pay is over $730,000. And by paying $50 extra every week, you can not only pay off your entire mortgage in approximately 27 years, you can also have a total interest savings of over $100,000.
0:25Isn't that amazing? Do you think you can make $100 extra a week? How many years of mortgage will that shave off? DM me or give me an obligation free call.
Transcribed from the video and lightly corrected. General information only, not advice for your situation. See our disclaimer.
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Sumit · 0:42Welcome to RyRo Loan Centre
Sumit Joshi introduces RyRo Loan Centre in Norwest: home loans, refinancing, business and commercial loans, land and construction loans, from a broker with more than a decade of experience.
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Sumit Joshi JP
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Sumit Joshi JP, Credit Rep 446824. AFG Award Winner 2013 to 2019 and AFG Excellence Awards finalist 2022 to 2026.