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Buying a home is the largest purchase most people will ever make. The Mortgage Geni allows you to see how your deposit and interest rate impact your life for the next 20 to 30 years.
Putting down even a 10% deposit doesn't just lower your loan amount; it often secures you a lower interest rate from the bank. Use this tool to simulate how saving for another 6 months could save you hundreds of thousands in interest over the life of the bond.
In the first few years of a mortgage, almost all of your monthly payment goes toward interest, not the house itself. Seeing the balance drop slowly in the early years helps you understand why "paying in a little extra" every month is the smartest way to build equity fast.