Mortgage Calculator

Adjust the sliders to calculate your Australian home loan repayments instantly.

Loan Details

$
$50K$5M
$
$0$2M
1 yr30 yrs
0.5%20%
$
$20K$1M
$
$0$20K
Estimated Maximum Borrowing
$852,664
Based on your income and expenses
✅ Within Budget

Repayment Schedule

Monthly Repayment
$3,202
Principal + Interest
Fortnightly
$1,478
Every 2 weeks
Weekly
$739
Every week
Loan Amount$520,000
LVR80.0%
Total Interest Paid$632,623
Total Amount Repaid$1,152,623
Loan Term30 years
Interest Rate6.25% p.a.

Repayment Visualisation

Each bar shows how much of your yearly repayment goes toward principal (teal) vs interest (red). Notice how interest dominates early years but principal takes over later.

Compare Home Loan Rates

Compare current mortgage rates from Australia's top lenders. Featured lenders may pay a referral fee.

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Next steps with your mortgage

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Check your take home pay

Make sure your mortgage repayments are affordable based on your actual after-tax income — not your gross salary.

Income Tax Calculator
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Compare current home loan rates

See how your rate stacks up against current offers from Australia's leading lenders. Even 0.5% less saves thousands.

Compare Home Loans
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Build a budget around your repayments

Map out your full income and expenses to see how your mortgage fits into your overall financial picture.

Budget Planner

How to use the Australian Mortgage Calculator

Our free Australian mortgage calculator helps you estimate your home loan repayments based on your property value, deposit, loan term and interest rate. Simply enter your details using the sliders or type directly into the fields to see your weekly, fortnightly and monthly repayments update instantly.

The borrowing power estimate is calculated based on your annual income and monthly expenses, giving you a realistic guide to how much an Australian lender may approve. As a general rule, lenders assess that your mortgage repayments should not exceed 30% of your gross income.

Use the repayment visualisation charts to see how your loan balance reduces over time and how much of each year's repayments go toward interest versus principal. The comparison table above shows current rates from Australia's leading lenders.

Understanding your mortgage repayments

  • Weekly repayments — paying weekly can reduce total interest paid over the life of the loan
  • Fortnightly repayments — the most common repayment frequency in Australia
  • Comparison rate — includes fees and charges, giving a truer cost of the loan
  • LVR — Loan to Value Ratio, the percentage of the property value you are borrowing
  • LMI — Lenders Mortgage Insurance, required when LVR exceeds 80%

All calculations are estimates only and do not constitute financial advice. Please consult a licensed mortgage broker or financial adviser before making any decisions.