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MortgageCalc

Australia Mortgage Calculator

Calculate your Australian mortgage payments, compare loan options, and determine what you can afford in Australia

Loan Details
Enter your mortgage information to get accurate calculations

$300,000

20.0% of home price ($60,000)

Additional Costs
Monthly expenses beyond mortgage

$3,000

$1,200

Required if down payment < 20% ($0)

$0

Extra Payments
Pay off your mortgage faster

Monthly Payment

$1,517

Principal & Interest

Total Monthly

$1,867

Including all costs

Total Interest

$306,107

Over life of loan

Total Cost

$546,107

Principal + Interest

Payment Breakdown

Total Cost

$546,107
Over 30 years

Principal

$240,000
43.9% of total

Interest

$306,107
56.1% of total

Payment Breakdown

Principal43.9%
$240,000
Interest56.1%
$306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's $66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1$1,517$217$1,300$239,783
1$1,517$230$1,287$237,317
2$1,517$246$1,271$234,455
3$1,517$262$1,255$231,401
4$1,517$280$1,237$228,143
5$1,517$298$1,219$224,666
6$1,517$318$1,199$220,957
7$1,517$340$1,177$216,999
8$1,517$362$1,155$212,776
9$1,517$387$1,130$208,270
10$1,517$413$1,104$203,463
11$1,517$440$1,077$198,333
12$1,517$470$1,047$192,860
13$1,517$501$1,016$187,021
14$1,517$535$982$180,790
15$1,517$571$946$174,142
16$1,517$609$908$167,049
17$1,517$650$867$159,481
18$1,517$693$824$151,405
19$1,517$740$777$142,790
20$1,517$789$728$133,597
21$1,517$842$675$123,788
22$1,517$898$619$113,323
23$1,517$958$559$102,156
24$1,517$1,023$494$90,242
25$1,517$1,091$426$77,530
26$1,517$1,164$353$63,967
27$1,517$1,242$275$49,495
28$1,517$1,325$192$34,054
29$1,517$1,414$103$17,579
30$1,517$1,509$8$0

Australia Mortgage Calculator Guide

Our comprehensive Australian mortgage calculator is designed specifically for the Australian housing market. Whether you're buying your first home in Sydney, refinancing in Melbourne, or investing in Brisbane property, our calculator accounts for Australian-specific factors like LMI insurance, stamp duty, and first home owner grants.

Australian Mortgage Features

LMI Calculator:Calculate Lenders Mortgage Insurance for deposits under 20%.
First Home Owner Grant:Calculate FHOG benefits and stamp duty concessions by state.
Stamp Duty Calculator:State-specific stamp duty calculations and concessions.
Council Rates Integration:Average council rates by state and local government area.
Investment Property Calculator:Specialized calculations for rental property mortgages and tax benefits.
Refinancing Support:Calculate savings from refinancing with better interest rates.

Australian Mortgage Market Overview

The Australian mortgage market is regulated by the Australian Prudential Regulation Authority (APRA) and offers various loan types including principal and interest, interest-only, and offset mortgages. Current mortgage rates vary by lender, deposit size, and loan-to-value ratio. Our calculator helps you understand the true cost of homeownership including stamp duty, council rates, and LMI to make informed decisions about your property purchase across Australia's major cities and regional areas.