MortgageCalc Logo
MortgageCalc
🌍 Country Calculators
🇺🇸 United States🇬🇧 United Kingdom🇨🇦 Canada🇦🇺 Australia🇳🇿 New Zealand🇸🇬 Singapore🇰🇷 South Korea🇦🇪 UAE🇳🇴 Norway🇸🇪 Sweden🇩🇰 Denmark🇮🇱 Israel🇮🇸 Iceland🇪🇺 Eurozone🇯🇵 Japan🇨🇭 Switzerland🇮🇳 India🇸🇦 Saudi Arabia🇨🇳 China

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, Melbourne, Brisbane, or anywhere across Australia, our calculator accounts for Australian-specific factors like stamp duty, first home owner grants, and LMI.

Australian Mortgage Features

First Home Owner Grant:Calculate FHOG benefits and stamp duty concessions for first-time buyers.
LMI Calculator:Calculate Lender's Mortgage Insurance for deposits under 20%.
Fixed & Variable Rates:Support for 1-5 year fixed terms and variable rate home loans.
Stamp Duty Calculator:Automatic stamp duty calculations by state and territory.
Investment Property:Calculate investment property loans with higher interest rates.
Council Rates:Council rates calculations by local government area.

Australia Mortgage Market Overview

The Australian mortgage market offers various loan types including fixed-rate, variable-rate, and split home loans. Current mortgage rates vary by lender, credit score, and loan type, with rates typically ranging from 5-8%. Our calculator helps you understand the true cost of homeownership including stamp duty, council rates, and LMI to make informed decisions about your home purchase across all Australian states and territories.