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📍 Australia · Housing & Loans Updated 2025/2026 Rules

Australia Mortgage Calculator

Estimate your Australia monthly mortgage payment and compare the effect of changing your down payment, rate, term and other costs. Confirm current terms with a lender.

Australia · AUD

Modeled for Australia: Variable or fixed-rate principal-and-interest loan. APRA 3.0% serviceability rate buffer; LMI typically required above 80% LTV

Rule version: source-linked-2026 · Last reviewed: 2026-09-06 (Verified statutory framework) · Official reference

⚙️ Inputs 📊 Breakdown 📅 Amortization 📖 Guide

Loan Details ?

Home price ? AUD 450,000.00

$50,000 $2,000,000+

Down payment ? AUD 90,000.00

Loan Terms

Interest rate (Annual %) ? 6.15%

1.0% 15.0%

Loan term

Monthly Costs & Escrow

Property Tax (% / year)

Home insurance ($ / yr)

PMI (% / year)

HOA / Fees ($ / mo)

Fees and Advanced Options ▼

Origination fees ($)

Points (%)

Reset

Monthly Payment ✓

AUD 2,193.22

Principal, Interest, Tax & Ins. PITI

Total Payments 🗓️

AUD 789,559.20

Over full loan term

Total Interest 💲

AUD 429,560.89

Cost of borrowing

Loan & APR AU

AUD 360,000.00

APR 6.15% · LTV 80.00%

Monthly Payment Breakdown

Where each monthly dollar goes

AUD 2,193.22 / mo

100.0% P&I

P&I 100.0%

AUD 2,193.22

Composite

🛡️ Every on-time payment reduces your principal balance and builds lasting equity.

Tax + Insurance + HOA Total: AUD 0.00 / mo

Qualifying Stress Scenario

If qualifying at 9.15%, monthly payment would be AUD 2,935.58 and total interest AUD 696,809.25.

⚠

Rate Context excellent

Below the 25th percentile of published rates — a strong offer.

Market average 6.15% · 25th 6.15% · 75th 6.15% · your rate is 0 bp vs average (sample of 61 loans).

Download PDF

Calculation is instantly saved in this shareable URL.

Principal vs. Interest Cumulative Principal Interest

Outstanding Loan Balance Over Time

Amortization Schedule

Track how your balance decreases month by month or year by year

Year	Annual Payment	Principal Paid	Interest Paid	Ending Balance
Year 1	AUD 26,318.64	AUD 4,298.46	AUD 22,020.18	AUD 355,701.54
Year 2	AUD 26,318.64	AUD 4,570.39	AUD 21,748.25	AUD 351,131.15
Year 3	AUD 26,318.64	AUD 4,859.53	AUD 21,459.11	AUD 346,271.62
Year 4	AUD 26,318.64	AUD 5,166.98	AUD 21,151.66	AUD 341,104.64
Year 5	AUD 26,318.64	AUD 5,493.84	AUD 20,824.80	AUD 335,610.80
Year 6	AUD 26,318.64	AUD 5,841.40	AUD 20,477.24	AUD 329,769.40
Year 7	AUD 26,318.64	AUD 6,210.95	AUD 20,107.69	AUD 323,558.45
Year 8	AUD 26,318.64	AUD 6,603.86	AUD 19,714.78	AUD 316,954.59
Year 9	AUD 26,318.64	AUD 7,021.65	AUD 19,296.99	AUD 309,932.94
Year 10	AUD 26,318.64	AUD 7,465.88	AUD 18,852.76	AUD 302,467.06
Year 11	AUD 26,318.64	AUD 7,938.17	AUD 18,380.47	AUD 294,528.89
Year 12	AUD 26,318.64	AUD 8,440.39	AUD 17,878.25	AUD 286,088.50
Year 13	AUD 26,318.64	AUD 8,974.37	AUD 17,344.27	AUD 277,114.13
Year 14	AUD 26,318.64	AUD 9,542.10	AUD 16,776.54	AUD 267,572.03
Year 15	AUD 26,318.64	AUD 10,145.77	AUD 16,172.87	AUD 257,426.26
Year 16	AUD 26,318.64	AUD 10,787.65	AUD 15,530.99	AUD 246,638.61
Year 17	AUD 26,318.64	AUD 11,470.10	AUD 14,848.54	AUD 235,168.51
Year 18	AUD 26,318.64	AUD 12,195.72	AUD 14,122.92	AUD 222,972.79
Year 19	AUD 26,318.64	AUD 12,967.27	AUD 13,351.37	AUD 210,005.52
Year 20	AUD 26,318.64	AUD 13,787.64	AUD 12,531.00	AUD 196,217.88
Year 21	AUD 26,318.64	AUD 14,659.90	AUD 11,658.74	AUD 181,557.98
Year 22	AUD 26,318.64	AUD 15,587.34	AUD 10,731.30	AUD 165,970.64
Year 23	AUD 26,318.64	AUD 16,573.44	AUD 9,745.20	AUD 149,397.20
Year 24	AUD 26,318.64	AUD 17,621.93	AUD 8,696.71	AUD 131,775.27
Year 25	AUD 26,318.64	AUD 18,736.76	AUD 7,581.88	AUD 113,038.51
Year 26	AUD 26,318.64	AUD 19,922.11	AUD 6,396.53	AUD 93,116.40
Year 27	AUD 26,318.64	AUD 21,182.45	AUD 5,136.19	AUD 71,933.95
Year 28	AUD 26,318.64	AUD 22,522.52	AUD 3,796.12	AUD 49,411.43
Year 29	AUD 26,318.64	AUD 23,947.38	AUD 2,371.26	AUD 25,464.05
Year 30	AUD 26,318.64	AUD 25,462.36	AUD 856.28	AUD 1.69

Month	Payment	Principal	Interest	Remaining Balance
Month 1	AUD 2,193.22	AUD 348.22	AUD 1,845.00	AUD 359,651.78
Month 2	AUD 2,193.22	AUD 350.00	AUD 1,843.22	AUD 359,301.78
Month 3	AUD 2,193.22	AUD 351.80	AUD 1,841.42	AUD 358,949.98
Month 4	AUD 2,193.22	AUD 353.60	AUD 1,839.62	AUD 358,596.38
Month 5	AUD 2,193.22	AUD 355.41	AUD 1,837.81	AUD 358,240.97
Month 6	AUD 2,193.22	AUD 357.24	AUD 1,835.98	AUD 357,883.73
Month 7	AUD 2,193.22	AUD 359.07	AUD 1,834.15	AUD 357,524.66
Month 8	AUD 2,193.22	AUD 360.91	AUD 1,832.31	AUD 357,163.75
Month 9	AUD 2,193.22	AUD 362.76	AUD 1,830.46	AUD 356,800.99
Month 10	AUD 2,193.22	AUD 364.61	AUD 1,828.61	AUD 356,436.38
Month 11	AUD 2,193.22	AUD 366.48	AUD 1,826.74	AUD 356,069.90
Month 12	AUD 2,193.22	AUD 368.36	AUD 1,824.86	AUD 355,701.54
Month 13	AUD 2,193.22	AUD 370.25	AUD 1,822.97	AUD 355,331.29
Month 14	AUD 2,193.22	AUD 372.15	AUD 1,821.07	AUD 354,959.14
Month 15	AUD 2,193.22	AUD 374.05	AUD 1,819.17	AUD 354,585.09
Month 16	AUD 2,193.22	AUD 375.97	AUD 1,817.25	AUD 354,209.12
Month 17	AUD 2,193.22	AUD 377.90	AUD 1,815.32	AUD 353,831.22
Month 18	AUD 2,193.22	AUD 379.83	AUD 1,813.39	AUD 353,451.39
Month 19	AUD 2,193.22	AUD 381.78	AUD 1,811.44	AUD 353,069.61
Month 20	AUD 2,193.22	AUD 383.74	AUD 1,809.48	AUD 352,685.87
Month 21	AUD 2,193.22	AUD 385.70	AUD 1,807.52	AUD 352,300.17
Month 22	AUD 2,193.22	AUD 387.68	AUD 1,805.54	AUD 351,912.49
Month 23	AUD 2,193.22	AUD 389.67	AUD 1,803.55	AUD 351,522.82
Month 24	AUD 2,193.22	AUD 391.67	AUD 1,801.55	AUD 351,131.15
Month 25	AUD 2,193.22	AUD 393.67	AUD 1,799.55	AUD 350,737.48
Month 26	AUD 2,193.22	AUD 395.69	AUD 1,797.53	AUD 350,341.79
Month 27	AUD 2,193.22	AUD 397.72	AUD 1,795.50	AUD 349,944.07
Month 28	AUD 2,193.22	AUD 399.76	AUD 1,793.46	AUD 349,544.31
Month 29	AUD 2,193.22	AUD 401.81	AUD 1,791.41	AUD 349,142.50
Month 30	AUD 2,193.22	AUD 403.86	AUD 1,789.36	AUD 348,738.64
Month 31	AUD 2,193.22	AUD 405.93	AUD 1,787.29	AUD 348,332.71
Month 32	AUD 2,193.22	AUD 408.01	AUD 1,785.21	AUD 347,924.70
Month 33	AUD 2,193.22	AUD 410.11	AUD 1,783.11	AUD 347,514.59
Month 34	AUD 2,193.22	AUD 412.21	AUD 1,781.01	AUD 347,102.38
Month 35	AUD 2,193.22	AUD 414.32	AUD 1,778.90	AUD 346,688.06
Month 36	AUD 2,193.22	AUD 416.44	AUD 1,776.78	AUD 346,271.62
Month 37	AUD 2,193.22	AUD 418.58	AUD 1,774.64	AUD 345,853.04
Month 38	AUD 2,193.22	AUD 420.72	AUD 1,772.50	AUD 345,432.32
Month 39	AUD 2,193.22	AUD 422.88	AUD 1,770.34	AUD 345,009.44
Month 40	AUD 2,193.22	AUD 425.05	AUD 1,768.17	AUD 344,584.39
Month 41	AUD 2,193.22	AUD 427.23	AUD 1,765.99	AUD 344,157.16
Month 42	AUD 2,193.22	AUD 429.41	AUD 1,763.81	AUD 343,727.75
Month 43	AUD 2,193.22	AUD 431.62	AUD 1,761.60	AUD 343,296.13
Month 44	AUD 2,193.22	AUD 433.83	AUD 1,759.39	AUD 342,862.30
Month 45	AUD 2,193.22	AUD 436.05	AUD 1,757.17	AUD 342,426.25
Month 46	AUD 2,193.22	AUD 438.29	AUD 1,754.93	AUD 341,987.96
Month 47	AUD 2,193.22	AUD 440.53	AUD 1,752.69	AUD 341,547.43
Month 48	AUD 2,193.22	AUD 442.79	AUD 1,750.43	AUD 341,104.64
Month 49	AUD 2,193.22	AUD 445.06	AUD 1,748.16	AUD 340,659.58
Month 50	AUD 2,193.22	AUD 447.34	AUD 1,745.88	AUD 340,212.24
Month 51	AUD 2,193.22	AUD 449.63	AUD 1,743.59	AUD 339,762.61
Month 52	AUD 2,193.22	AUD 451.94	AUD 1,741.28	AUD 339,310.67
Month 53	AUD 2,193.22	AUD 454.25	AUD 1,738.97	AUD 338,856.42
Month 54	AUD 2,193.22	AUD 456.58	AUD 1,736.64	AUD 338,399.84
Month 55	AUD 2,193.22	AUD 458.92	AUD 1,734.30	AUD 337,940.92
Month 56	AUD 2,193.22	AUD 461.27	AUD 1,731.95	AUD 337,479.65
Month 57	AUD 2,193.22	AUD 463.64	AUD 1,729.58	AUD 337,016.01
Month 58	AUD 2,193.22	AUD 466.01	AUD 1,727.21	AUD 336,550.00
Month 59	AUD 2,193.22	AUD 468.40	AUD 1,724.82	AUD 336,081.60
Month 60	AUD 2,193.22	AUD 470.80	AUD 1,722.42	AUD 335,610.80
Month 61	AUD 2,193.22	AUD 473.21	AUD 1,720.01	AUD 335,137.59
Month 62	AUD 2,193.22	AUD 475.64	AUD 1,717.58	AUD 334,661.95
Month 63	AUD 2,193.22	AUD 478.08	AUD 1,715.14	AUD 334,183.87
Month 64	AUD 2,193.22	AUD 480.53	AUD 1,712.69	AUD 333,703.34
Month 65	AUD 2,193.22	AUD 482.99	AUD 1,710.23	AUD 333,220.35
Month 66	AUD 2,193.22	AUD 485.47	AUD 1,707.75	AUD 332,734.88
Month 67	AUD 2,193.22	AUD 487.95	AUD 1,705.27	AUD 332,246.93
Month 68	AUD 2,193.22	AUD 490.45	AUD 1,702.77	AUD 331,756.48
Month 69	AUD 2,193.22	AUD 492.97	AUD 1,700.25	AUD 331,263.51
Month 70	AUD 2,193.22	AUD 495.49	AUD 1,697.73	AUD 330,768.02
Month 71	AUD 2,193.22	AUD 498.03	AUD 1,695.19	AUD 330,269.99
Month 72	AUD 2,193.22	AUD 500.59	AUD 1,692.63	AUD 329,769.40
Month 73	AUD 2,193.22	AUD 503.15	AUD 1,690.07	AUD 329,266.25
Month 74	AUD 2,193.22	AUD 505.73	AUD 1,687.49	AUD 328,760.52
Month 75	AUD 2,193.22	AUD 508.32	AUD 1,684.90	AUD 328,252.20
Month 76	AUD 2,193.22	AUD 510.93	AUD 1,682.29	AUD 327,741.27
Month 77	AUD 2,193.22	AUD 513.55	AUD 1,679.67	AUD 327,227.72
Month 78	AUD 2,193.22	AUD 516.18	AUD 1,677.04	AUD 326,711.54
Month 79	AUD 2,193.22	AUD 518.82	AUD 1,674.40	AUD 326,192.72
Month 80	AUD 2,193.22	AUD 521.48	AUD 1,671.74	AUD 325,671.24
Month 81	AUD 2,193.22	AUD 524.15	AUD 1,669.07	AUD 325,147.09
Month 82	AUD 2,193.22	AUD 526.84	AUD 1,666.38	AUD 324,620.25
Month 83	AUD 2,193.22	AUD 529.54	AUD 1,663.68	AUD 324,090.71
Month 84	AUD 2,193.22	AUD 532.26	AUD 1,660.96	AUD 323,558.45
Month 85	AUD 2,193.22	AUD 534.98	AUD 1,658.24	AUD 323,023.47
Month 86	AUD 2,193.22	AUD 537.72	AUD 1,655.50	AUD 322,485.75
Month 87	AUD 2,193.22	AUD 540.48	AUD 1,652.74	AUD 321,945.27
Month 88	AUD 2,193.22	AUD 543.25	AUD 1,649.97	AUD 321,402.02
Month 89	AUD 2,193.22	AUD 546.03	AUD 1,647.19	AUD 320,855.99
Month 90	AUD 2,193.22	AUD 548.83	AUD 1,644.39	AUD 320,307.16
Month 91	AUD 2,193.22	AUD 551.65	AUD 1,641.57	AUD 319,755.51
Month 92	AUD 2,193.22	AUD 554.47	AUD 1,638.75	AUD 319,201.04
Month 93	AUD 2,193.22	AUD 557.31	AUD 1,635.91	AUD 318,643.73
Month 94	AUD 2,193.22	AUD 560.17	AUD 1,633.05	AUD 318,083.56
Month 95	AUD 2,193.22	AUD 563.04	AUD 1,630.18	AUD 317,520.52
Month 96	AUD 2,193.22	AUD 565.93	AUD 1,627.29	AUD 316,954.59
Month 97	AUD 2,193.22	AUD 568.83	AUD 1,624.39	AUD 316,385.76
Month 98	AUD 2,193.22	AUD 571.74	AUD 1,621.48	AUD 315,814.02
Month 99	AUD 2,193.22	AUD 574.67	AUD 1,618.55	AUD 315,239.35
Month 100	AUD 2,193.22	AUD 577.62	AUD 1,615.60	AUD 314,661.73
Month 101	AUD 2,193.22	AUD 580.58	AUD 1,612.64	AUD 314,081.15
Month 102	AUD 2,193.22	AUD 583.55	AUD 1,609.67	AUD 313,497.60
Month 103	AUD 2,193.22	AUD 586.54	AUD 1,606.68	AUD 312,911.06
Month 104	AUD 2,193.22	AUD 589.55	AUD 1,603.67	AUD 312,321.51
Month 105	AUD 2,193.22	AUD 592.57	AUD 1,600.65	AUD 311,728.94
Month 106	AUD 2,193.22	AUD 595.61	AUD 1,597.61	AUD 311,133.33
Month 107	AUD 2,193.22	AUD 598.66	AUD 1,594.56	AUD 310,534.67
Month 108	AUD 2,193.22	AUD 601.73	AUD 1,591.49	AUD 309,932.94
Month 109	AUD 2,193.22	AUD 604.81	AUD 1,588.41	AUD 309,328.13
Month 110	AUD 2,193.22	AUD 607.91	AUD 1,585.31	AUD 308,720.22
Month 111	AUD 2,193.22	AUD 611.03	AUD 1,582.19	AUD 308,109.19
Month 112	AUD 2,193.22	AUD 614.16	AUD 1,579.06	AUD 307,495.03
Month 113	AUD 2,193.22	AUD 617.31	AUD 1,575.91	AUD 306,877.72
Month 114	AUD 2,193.22	AUD 620.47	AUD 1,572.75	AUD 306,257.25
Month 115	AUD 2,193.22	AUD 623.65	AUD 1,569.57	AUD 305,633.60
Month 116	AUD 2,193.22	AUD 626.85	AUD 1,566.37	AUD 305,006.75
Month 117	AUD 2,193.22	AUD 630.06	AUD 1,563.16	AUD 304,376.69
Month 118	AUD 2,193.22	AUD 633.29	AUD 1,559.93	AUD 303,743.40
Month 119	AUD 2,193.22	AUD 636.54	AUD 1,556.68	AUD 303,106.86
Month 120	AUD 2,193.22	AUD 639.80	AUD 1,553.42	AUD 302,467.06
Month 121	AUD 2,193.22	AUD 643.08	AUD 1,550.14	AUD 301,823.98
Month 122	AUD 2,193.22	AUD 646.37	AUD 1,546.85	AUD 301,177.61
Month 123	AUD 2,193.22	AUD 649.68	AUD 1,543.54	AUD 300,527.93
Month 124	AUD 2,193.22	AUD 653.01	AUD 1,540.21	AUD 299,874.92
Month 125	AUD 2,193.22	AUD 656.36	AUD 1,536.86	AUD 299,218.56
Month 126	AUD 2,193.22	AUD 659.72	AUD 1,533.50	AUD 298,558.84
Month 127	AUD 2,193.22	AUD 663.11	AUD 1,530.11	AUD 297,895.73
Month 128	AUD 2,193.22	AUD 666.50	AUD 1,526.72	AUD 297,229.23
Month 129	AUD 2,193.22	AUD 669.92	AUD 1,523.30	AUD 296,559.31
Month 130	AUD 2,193.22	AUD 673.35	AUD 1,519.87	AUD 295,885.96
Month 131	AUD 2,193.22	AUD 676.80	AUD 1,516.42	AUD 295,209.16
Month 132	AUD 2,193.22	AUD 680.27	AUD 1,512.95	AUD 294,528.89
Month 133	AUD 2,193.22	AUD 683.76	AUD 1,509.46	AUD 293,845.13
Month 134	AUD 2,193.22	AUD 687.26	AUD 1,505.96	AUD 293,157.87
Month 135	AUD 2,193.22	AUD 690.79	AUD 1,502.43	AUD 292,467.08
Month 136	AUD 2,193.22	AUD 694.33	AUD 1,498.89	AUD 291,772.75
Month 137	AUD 2,193.22	AUD 697.88	AUD 1,495.34	AUD 291,074.87
Month 138	AUD 2,193.22	AUD 701.46	AUD 1,491.76	AUD 290,373.41
Month 139	AUD 2,193.22	AUD 705.06	AUD 1,488.16	AUD 289,668.35
Month 140	AUD 2,193.22	AUD 708.67	AUD 1,484.55	AUD 288,959.68
Month 141	AUD 2,193.22	AUD 712.30	AUD 1,480.92	AUD 288,247.38
Month 142	AUD 2,193.22	AUD 715.95	AUD 1,477.27	AUD 287,531.43
Month 143	AUD 2,193.22	AUD 719.62	AUD 1,473.60	AUD 286,811.81
Month 144	AUD 2,193.22	AUD 723.31	AUD 1,469.91	AUD 286,088.50
Month 145	AUD 2,193.22	AUD 727.02	AUD 1,466.20	AUD 285,361.48
Month 146	AUD 2,193.22	AUD 730.74	AUD 1,462.48	AUD 284,630.74
Month 147	AUD 2,193.22	AUD 734.49	AUD 1,458.73	AUD 283,896.25
Month 148	AUD 2,193.22	AUD 738.25	AUD 1,454.97	AUD 283,158.00
Month 149	AUD 2,193.22	AUD 742.04	AUD 1,451.18	AUD 282,415.96
Month 150	AUD 2,193.22	AUD 745.84	AUD 1,447.38	AUD 281,670.12
Month 151	AUD 2,193.22	AUD 749.66	AUD 1,443.56	AUD 280,920.46
Month 152	AUD 2,193.22	AUD 753.50	AUD 1,439.72	AUD 280,166.96
Month 153	AUD 2,193.22	AUD 757.36	AUD 1,435.86	AUD 279,409.60
Month 154	AUD 2,193.22	AUD 761.25	AUD 1,431.97	AUD 278,648.35
Month 155	AUD 2,193.22	AUD 765.15	AUD 1,428.07	AUD 277,883.20
Month 156	AUD 2,193.22	AUD 769.07	AUD 1,424.15	AUD 277,114.13
Month 157	AUD 2,193.22	AUD 773.01	AUD 1,420.21	AUD 276,341.12
Month 158	AUD 2,193.22	AUD 776.97	AUD 1,416.25	AUD 275,564.15
Month 159	AUD 2,193.22	AUD 780.95	AUD 1,412.27	AUD 274,783.20
Month 160	AUD 2,193.22	AUD 784.96	AUD 1,408.26	AUD 273,998.24
Month 161	AUD 2,193.22	AUD 788.98	AUD 1,404.24	AUD 273,209.26
Month 162	AUD 2,193.22	AUD 793.02	AUD 1,400.20	AUD 272,416.24
Month 163	AUD 2,193.22	AUD 797.09	AUD 1,396.13	AUD 271,619.15
Month 164	AUD 2,193.22	AUD 801.17	AUD 1,392.05	AUD 270,817.98
Month 165	AUD 2,193.22	AUD 805.28	AUD 1,387.94	AUD 270,012.70
Month 166	AUD 2,193.22	AUD 809.40	AUD 1,383.82	AUD 269,203.30
Month 167	AUD 2,193.22	AUD 813.55	AUD 1,379.67	AUD 268,389.75
Month 168	AUD 2,193.22	AUD 817.72	AUD 1,375.50	AUD 267,572.03
Month 169	AUD 2,193.22	AUD 821.91	AUD 1,371.31	AUD 266,750.12
Month 170	AUD 2,193.22	AUD 826.13	AUD 1,367.09	AUD 265,923.99
Month 171	AUD 2,193.22	AUD 830.36	AUD 1,362.86	AUD 265,093.63
Month 172	AUD 2,193.22	AUD 834.62	AUD 1,358.60	AUD 264,259.01
Month 173	AUD 2,193.22	AUD 838.89	AUD 1,354.33	AUD 263,420.12
Month 174	AUD 2,193.22	AUD 843.19	AUD 1,350.03	AUD 262,576.93
Month 175	AUD 2,193.22	AUD 847.51	AUD 1,345.71	AUD 261,729.42
Month 176	AUD 2,193.22	AUD 851.86	AUD 1,341.36	AUD 260,877.56
Month 177	AUD 2,193.22	AUD 856.22	AUD 1,337.00	AUD 260,021.34
Month 178	AUD 2,193.22	AUD 860.61	AUD 1,332.61	AUD 259,160.73
Month 179	AUD 2,193.22	AUD 865.02	AUD 1,328.20	AUD 258,295.71
Month 180	AUD 2,193.22	AUD 869.45	AUD 1,323.77	AUD 257,426.26
Month 181	AUD 2,193.22	AUD 873.91	AUD 1,319.31	AUD 256,552.35
Month 182	AUD 2,193.22	AUD 878.39	AUD 1,314.83	AUD 255,673.96
Month 183	AUD 2,193.22	AUD 882.89	AUD 1,310.33	AUD 254,791.07
Month 184	AUD 2,193.22	AUD 887.42	AUD 1,305.80	AUD 253,903.65
Month 185	AUD 2,193.22	AUD 891.96	AUD 1,301.26	AUD 253,011.69
Month 186	AUD 2,193.22	AUD 896.54	AUD 1,296.68	AUD 252,115.15
Month 187	AUD 2,193.22	AUD 901.13	AUD 1,292.09	AUD 251,214.02
Month 188	AUD 2,193.22	AUD 905.75	AUD 1,287.47	AUD 250,308.27
Month 189	AUD 2,193.22	AUD 910.39	AUD 1,282.83	AUD 249,397.88
Month 190	AUD 2,193.22	AUD 915.06	AUD 1,278.16	AUD 248,482.82
Month 191	AUD 2,193.22	AUD 919.75	AUD 1,273.47	AUD 247,563.07
Month 192	AUD 2,193.22	AUD 924.46	AUD 1,268.76	AUD 246,638.61
Month 193	AUD 2,193.22	AUD 929.20	AUD 1,264.02	AUD 245,709.41
Month 194	AUD 2,193.22	AUD 933.96	AUD 1,259.26	AUD 244,775.45
Month 195	AUD 2,193.22	AUD 938.75	AUD 1,254.47	AUD 243,836.70
Month 196	AUD 2,193.22	AUD 943.56	AUD 1,249.66	AUD 242,893.14
Month 197	AUD 2,193.22	AUD 948.39	AUD 1,244.83	AUD 241,944.75
Month 198	AUD 2,193.22	AUD 953.25	AUD 1,239.97	AUD 240,991.50
Month 199	AUD 2,193.22	AUD 958.14	AUD 1,235.08	AUD 240,033.36
Month 200	AUD 2,193.22	AUD 963.05	AUD 1,230.17	AUD 239,070.31
Month 201	AUD 2,193.22	AUD 967.98	AUD 1,225.24	AUD 238,102.33
Month 202	AUD 2,193.22	AUD 972.95	AUD 1,220.27	AUD 237,129.38
Month 203	AUD 2,193.22	AUD 977.93	AUD 1,215.29	AUD 236,151.45
Month 204	AUD 2,193.22	AUD 982.94	AUD 1,210.28	AUD 235,168.51
Month 205	AUD 2,193.22	AUD 987.98	AUD 1,205.24	AUD 234,180.53
Month 206	AUD 2,193.22	AUD 993.04	AUD 1,200.18	AUD 233,187.49
Month 207	AUD 2,193.22	AUD 998.13	AUD 1,195.09	AUD 232,189.36
Month 208	AUD 2,193.22	AUD 1,003.25	AUD 1,189.97	AUD 231,186.11
Month 209	AUD 2,193.22	AUD 1,008.39	AUD 1,184.83	AUD 230,177.72
Month 210	AUD 2,193.22	AUD 1,013.56	AUD 1,179.66	AUD 229,164.16
Month 211	AUD 2,193.22	AUD 1,018.75	AUD 1,174.47	AUD 228,145.41
Month 212	AUD 2,193.22	AUD 1,023.97	AUD 1,169.25	AUD 227,121.44
Month 213	AUD 2,193.22	AUD 1,029.22	AUD 1,164.00	AUD 226,092.22
Month 214	AUD 2,193.22	AUD 1,034.50	AUD 1,158.72	AUD 225,057.72
Month 215	AUD 2,193.22	AUD 1,039.80	AUD 1,153.42	AUD 224,017.92
Month 216	AUD 2,193.22	AUD 1,045.13	AUD 1,148.09	AUD 222,972.79
Month 217	AUD 2,193.22	AUD 1,050.48	AUD 1,142.74	AUD 221,922.31
Month 218	AUD 2,193.22	AUD 1,055.87	AUD 1,137.35	AUD 220,866.44
Month 219	AUD 2,193.22	AUD 1,061.28	AUD 1,131.94	AUD 219,805.16
Month 220	AUD 2,193.22	AUD 1,066.72	AUD 1,126.50	AUD 218,738.44
Month 221	AUD 2,193.22	AUD 1,072.19	AUD 1,121.03	AUD 217,666.25
Month 222	AUD 2,193.22	AUD 1,077.68	AUD 1,115.54	AUD 216,588.57
Month 223	AUD 2,193.22	AUD 1,083.20	AUD 1,110.02	AUD 215,505.37
Month 224	AUD 2,193.22	AUD 1,088.75	AUD 1,104.47	AUD 214,416.62
Month 225	AUD 2,193.22	AUD 1,094.33	AUD 1,098.89	AUD 213,322.29
Month 226	AUD 2,193.22	AUD 1,099.94	AUD 1,093.28	AUD 212,222.35
Month 227	AUD 2,193.22	AUD 1,105.58	AUD 1,087.64	AUD 211,116.77
Month 228	AUD 2,193.22	AUD 1,111.25	AUD 1,081.97	AUD 210,005.52
Month 229	AUD 2,193.22	AUD 1,116.94	AUD 1,076.28	AUD 208,888.58
Month 230	AUD 2,193.22	AUD 1,122.67	AUD 1,070.55	AUD 207,765.91
Month 231	AUD 2,193.22	AUD 1,128.42	AUD 1,064.80	AUD 206,637.49
Month 232	AUD 2,193.22	AUD 1,134.20	AUD 1,059.02	AUD 205,503.29
Month 233	AUD 2,193.22	AUD 1,140.02	AUD 1,053.20	AUD 204,363.27
Month 234	AUD 2,193.22	AUD 1,145.86	AUD 1,047.36	AUD 203,217.41
Month 235	AUD 2,193.22	AUD 1,151.73	AUD 1,041.49	AUD 202,065.68
Month 236	AUD 2,193.22	AUD 1,157.63	AUD 1,035.59	AUD 200,908.05
Month 237	AUD 2,193.22	AUD 1,163.57	AUD 1,029.65	AUD 199,744.48
Month 238	AUD 2,193.22	AUD 1,169.53	AUD 1,023.69	AUD 198,574.95
Month 239	AUD 2,193.22	AUD 1,175.52	AUD 1,017.70	AUD 197,399.43
Month 240	AUD 2,193.22	AUD 1,181.55	AUD 1,011.67	AUD 196,217.88
Month 241	AUD 2,193.22	AUD 1,187.60	AUD 1,005.62	AUD 195,030.28
Month 242	AUD 2,193.22	AUD 1,193.69	AUD 999.53	AUD 193,836.59
Month 243	AUD 2,193.22	AUD 1,199.81	AUD 993.41	AUD 192,636.78
Month 244	AUD 2,193.22	AUD 1,205.96	AUD 987.26	AUD 191,430.82
Month 245	AUD 2,193.22	AUD 1,212.14	AUD 981.08	AUD 190,218.68
Month 246	AUD 2,193.22	AUD 1,218.35	AUD 974.87	AUD 189,000.33
Month 247	AUD 2,193.22	AUD 1,224.59	AUD 968.63	AUD 187,775.74
Month 248	AUD 2,193.22	AUD 1,230.87	AUD 962.35	AUD 186,544.87
Month 249	AUD 2,193.22	AUD 1,237.18	AUD 956.04	AUD 185,307.69
Month 250	AUD 2,193.22	AUD 1,243.52	AUD 949.70	AUD 184,064.17
Month 251	AUD 2,193.22	AUD 1,249.89	AUD 943.33	AUD 182,814.28
Month 252	AUD 2,193.22	AUD 1,256.30	AUD 936.92	AUD 181,557.98
Month 253	AUD 2,193.22	AUD 1,262.74	AUD 930.48	AUD 180,295.24
Month 254	AUD 2,193.22	AUD 1,269.21	AUD 924.01	AUD 179,026.03
Month 255	AUD 2,193.22	AUD 1,275.71	AUD 917.51	AUD 177,750.32
Month 256	AUD 2,193.22	AUD 1,282.25	AUD 910.97	AUD 176,468.07
Month 257	AUD 2,193.22	AUD 1,288.82	AUD 904.40	AUD 175,179.25
Month 258	AUD 2,193.22	AUD 1,295.43	AUD 897.79	AUD 173,883.82
Month 259	AUD 2,193.22	AUD 1,302.07	AUD 891.15	AUD 172,581.75
Month 260	AUD 2,193.22	AUD 1,308.74	AUD 884.48	AUD 171,273.01
Month 261	AUD 2,193.22	AUD 1,315.45	AUD 877.77	AUD 169,957.56
Month 262	AUD 2,193.22	AUD 1,322.19	AUD 871.03	AUD 168,635.37
Month 263	AUD 2,193.22	AUD 1,328.96	AUD 864.26	AUD 167,306.41
Month 264	AUD 2,193.22	AUD 1,335.77	AUD 857.45	AUD 165,970.64
Month 265	AUD 2,193.22	AUD 1,342.62	AUD 850.60	AUD 164,628.02
Month 266	AUD 2,193.22	AUD 1,349.50	AUD 843.72	AUD 163,278.52
Month 267	AUD 2,193.22	AUD 1,356.42	AUD 836.80	AUD 161,922.10
Month 268	AUD 2,193.22	AUD 1,363.37	AUD 829.85	AUD 160,558.73
Month 269	AUD 2,193.22	AUD 1,370.36	AUD 822.86	AUD 159,188.37
Month 270	AUD 2,193.22	AUD 1,377.38	AUD 815.84	AUD 157,810.99
Month 271	AUD 2,193.22	AUD 1,384.44	AUD 808.78	AUD 156,426.55
Month 272	AUD 2,193.22	AUD 1,391.53	AUD 801.69	AUD 155,035.02
Month 273	AUD 2,193.22	AUD 1,398.67	AUD 794.55	AUD 153,636.35
Month 274	AUD 2,193.22	AUD 1,405.83	AUD 787.39	AUD 152,230.52
Month 275	AUD 2,193.22	AUD 1,413.04	AUD 780.18	AUD 150,817.48
Month 276	AUD 2,193.22	AUD 1,420.28	AUD 772.94	AUD 149,397.20
Month 277	AUD 2,193.22	AUD 1,427.56	AUD 765.66	AUD 147,969.64
Month 278	AUD 2,193.22	AUD 1,434.88	AUD 758.34	AUD 146,534.76
Month 279	AUD 2,193.22	AUD 1,442.23	AUD 750.99	AUD 145,092.53
Month 280	AUD 2,193.22	AUD 1,449.62	AUD 743.60	AUD 143,642.91
Month 281	AUD 2,193.22	AUD 1,457.05	AUD 736.17	AUD 142,185.86
Month 282	AUD 2,193.22	AUD 1,464.52	AUD 728.70	AUD 140,721.34
Month 283	AUD 2,193.22	AUD 1,472.02	AUD 721.20	AUD 139,249.32
Month 284	AUD 2,193.22	AUD 1,479.57	AUD 713.65	AUD 137,769.75
Month 285	AUD 2,193.22	AUD 1,487.15	AUD 706.07	AUD 136,282.60
Month 286	AUD 2,193.22	AUD 1,494.77	AUD 698.45	AUD 134,787.83
Month 287	AUD 2,193.22	AUD 1,502.43	AUD 690.79	AUD 133,285.40
Month 288	AUD 2,193.22	AUD 1,510.13	AUD 683.09	AUD 131,775.27
Month 289	AUD 2,193.22	AUD 1,517.87	AUD 675.35	AUD 130,257.40
Month 290	AUD 2,193.22	AUD 1,525.65	AUD 667.57	AUD 128,731.75
Month 291	AUD 2,193.22	AUD 1,533.47	AUD 659.75	AUD 127,198.28
Month 292	AUD 2,193.22	AUD 1,541.33	AUD 651.89	AUD 125,656.95
Month 293	AUD 2,193.22	AUD 1,549.23	AUD 643.99	AUD 124,107.72
Month 294	AUD 2,193.22	AUD 1,557.17	AUD 636.05	AUD 122,550.55
Month 295	AUD 2,193.22	AUD 1,565.15	AUD 628.07	AUD 120,985.40
Month 296	AUD 2,193.22	AUD 1,573.17	AUD 620.05	AUD 119,412.23
Month 297	AUD 2,193.22	AUD 1,581.23	AUD 611.99	AUD 117,831.00
Month 298	AUD 2,193.22	AUD 1,589.34	AUD 603.88	AUD 116,241.66
Month 299	AUD 2,193.22	AUD 1,597.48	AUD 595.74	AUD 114,644.18
Month 300	AUD 2,193.22	AUD 1,605.67	AUD 587.55	AUD 113,038.51
Month 301	AUD 2,193.22	AUD 1,613.90	AUD 579.32	AUD 111,424.61
Month 302	AUD 2,193.22	AUD 1,622.17	AUD 571.05	AUD 109,802.44
Month 303	AUD 2,193.22	AUD 1,630.48	AUD 562.74	AUD 108,171.96
Month 304	AUD 2,193.22	AUD 1,638.84	AUD 554.38	AUD 106,533.12
Month 305	AUD 2,193.22	AUD 1,647.24	AUD 545.98	AUD 104,885.88
Month 306	AUD 2,193.22	AUD 1,655.68	AUD 537.54	AUD 103,230.20
Month 307	AUD 2,193.22	AUD 1,664.17	AUD 529.05	AUD 101,566.03
Month 308	AUD 2,193.22	AUD 1,672.69	AUD 520.53	AUD 99,893.34
Month 309	AUD 2,193.22	AUD 1,681.27	AUD 511.95	AUD 98,212.07
Month 310	AUD 2,193.22	AUD 1,689.88	AUD 503.34	AUD 96,522.19
Month 311	AUD 2,193.22	AUD 1,698.54	AUD 494.68	AUD 94,823.65
Month 312	AUD 2,193.22	AUD 1,707.25	AUD 485.97	AUD 93,116.40
Month 313	AUD 2,193.22	AUD 1,716.00	AUD 477.22	AUD 91,400.40
Month 314	AUD 2,193.22	AUD 1,724.79	AUD 468.43	AUD 89,675.61
Month 315	AUD 2,193.22	AUD 1,733.63	AUD 459.59	AUD 87,941.98
Month 316	AUD 2,193.22	AUD 1,742.52	AUD 450.70	AUD 86,199.46
Month 317	AUD 2,193.22	AUD 1,751.45	AUD 441.77	AUD 84,448.01
Month 318	AUD 2,193.22	AUD 1,760.42	AUD 432.80	AUD 82,687.59
Month 319	AUD 2,193.22	AUD 1,769.45	AUD 423.77	AUD 80,918.14
Month 320	AUD 2,193.22	AUD 1,778.51	AUD 414.71	AUD 79,139.63
Month 321	AUD 2,193.22	AUD 1,787.63	AUD 405.59	AUD 77,352.00
Month 322	AUD 2,193.22	AUD 1,796.79	AUD 396.43	AUD 75,555.21
Month 323	AUD 2,193.22	AUD 1,806.00	AUD 387.22	AUD 73,749.21
Month 324	AUD 2,193.22	AUD 1,815.26	AUD 377.96	AUD 71,933.95
Month 325	AUD 2,193.22	AUD 1,824.56	AUD 368.66	AUD 70,109.39
Month 326	AUD 2,193.22	AUD 1,833.91	AUD 359.31	AUD 68,275.48
Month 327	AUD 2,193.22	AUD 1,843.31	AUD 349.91	AUD 66,432.17
Month 328	AUD 2,193.22	AUD 1,852.76	AUD 340.46	AUD 64,579.41
Month 329	AUD 2,193.22	AUD 1,862.25	AUD 330.97	AUD 62,717.16
Month 330	AUD 2,193.22	AUD 1,871.79	AUD 321.43	AUD 60,845.37
Month 331	AUD 2,193.22	AUD 1,881.39	AUD 311.83	AUD 58,963.98
Month 332	AUD 2,193.22	AUD 1,891.03	AUD 302.19	AUD 57,072.95
Month 333	AUD 2,193.22	AUD 1,900.72	AUD 292.50	AUD 55,172.23
Month 334	AUD 2,193.22	AUD 1,910.46	AUD 282.76	AUD 53,261.77
Month 335	AUD 2,193.22	AUD 1,920.25	AUD 272.97	AUD 51,341.52
Month 336	AUD 2,193.22	AUD 1,930.09	AUD 263.13	AUD 49,411.43
Month 337	AUD 2,193.22	AUD 1,939.99	AUD 253.23	AUD 47,471.44
Month 338	AUD 2,193.22	AUD 1,949.93	AUD 243.29	AUD 45,521.51
Month 339	AUD 2,193.22	AUD 1,959.92	AUD 233.30	AUD 43,561.59
Month 340	AUD 2,193.22	AUD 1,969.97	AUD 223.25	AUD 41,591.62
Month 341	AUD 2,193.22	AUD 1,980.06	AUD 213.16	AUD 39,611.56
Month 342	AUD 2,193.22	AUD 1,990.21	AUD 203.01	AUD 37,621.35
Month 343	AUD 2,193.22	AUD 2,000.41	AUD 192.81	AUD 35,620.94
Month 344	AUD 2,193.22	AUD 2,010.66	AUD 182.56	AUD 33,610.28
Month 345	AUD 2,193.22	AUD 2,020.97	AUD 172.25	AUD 31,589.31
Month 346	AUD 2,193.22	AUD 2,031.32	AUD 161.90	AUD 29,557.99
Month 347	AUD 2,193.22	AUD 2,041.74	AUD 151.48	AUD 27,516.25
Month 348	AUD 2,193.22	AUD 2,052.20	AUD 141.02	AUD 25,464.05
Month 349	AUD 2,193.22	AUD 2,062.72	AUD 130.50	AUD 23,401.33
Month 350	AUD 2,193.22	AUD 2,073.29	AUD 119.93	AUD 21,328.04
Month 351	AUD 2,193.22	AUD 2,083.91	AUD 109.31	AUD 19,244.13
Month 352	AUD 2,193.22	AUD 2,094.59	AUD 98.63	AUD 17,149.54
Month 353	AUD 2,193.22	AUD 2,105.33	AUD 87.89	AUD 15,044.21
Month 354	AUD 2,193.22	AUD 2,116.12	AUD 77.10	AUD 12,928.09
Month 355	AUD 2,193.22	AUD 2,126.96	AUD 66.26	AUD 10,801.13
Month 356	AUD 2,193.22	AUD 2,137.86	AUD 55.36	AUD 8,663.27
Month 357	AUD 2,193.22	AUD 2,148.82	AUD 44.40	AUD 6,514.45
Month 358	AUD 2,193.22	AUD 2,159.83	AUD 33.39	AUD 4,354.62
Month 359	AUD 2,193.22	AUD 2,170.90	AUD 22.32	AUD 2,183.72
Month 360	AUD 2,193.22	AUD 2,182.03	AUD 11.19	AUD 1.69

15-Year vs. 30-Year Loan Comparison

Principal and interest comparison showing long-term interest savings

Loan Term	Monthly P&I	Total Interest Paid	Total Interest Saved
180 Months (15 Years)	AUD 3,067.14	AUD 192,083.93	Save AUD 237,476.96
360 Months (30 Years)	AUD 2,193.22	AUD 429,560.89	Baseline

Mortgage estimate

A mortgage payment depends on the loan amount, interest rate and term. Depending on the property and location, taxes, insurance, mortgage insurance, association charges and fees may also affect the overall cost. Add the costs that apply to your situation to compare scenarios.

This calculator provides an estimate from the values entered and the selected country assumptions. It does not assess a complete mortgage application or replace a lender's offer. Inputs are sent over HTTPS for calculation and are not saved to an account or calculation database.

Who Benefits Most

First-time homebuyers benefit from seeing their true total monthly housing commitment—encompassing principal, interest, tax escrows, hazard insurance, and private mortgage insurance—before making an offer on a home. Existing homeowners evaluating a refinance can accurately test whether monthly interest savings offset appraisal, origination, and title fees to establish their true breakeven date. International expatriates, cross-border professionals, and relocating families can contrast borrowing limits, mandatory deposit thresholds, and repayment mechanics across different legal jurisdictions without switching software or deciphering unfamiliar terminology.

Country-specific details

The calculators cover country-specific details such as US PMI rules, Australian Lenders Mortgage Insurance (LMI), Canadian mortgage default insurance, and German annuity structures (Annuitätendarlehen with Tilgung and Zinsbindung). Inputs are sent to our application over HTTPS to calculate results, but are not saved to an account or calculation database. Shareable links may include the values you entered.

A Practical Walk-Through of Our Financial Tool Suites

Making sound property and borrowing decisions requires looking beyond an isolated loan payment. Our platform arranges complementary financial tools into three specialized suites, allowing you to examine every dimension of your personal balance sheet.

1. Housing and Mortgage Suite

The Home Affordability Calculator estimates a price from income, debts and country assumptions. The Mortgage Calculator estimates payments from the loan amount, rate, term and costs you enter. You can also compare extra payments, refinancing costs, or rent and buy scenarios using your own assumptions.

2. Income, Tax, and Budgeting Suite

The Salary Calculator estimates take-home pay using the selected country and the details entered. The Budget Calculator helps organize income and expenses. Both can help you explore a budget, but neither decides whether a lender will approve an application.

3. Debt Elimination and Wealth Accumulation Suite

The Debt Consolidation and Loan Calculators compare payments and interest using the values you provide. The Compound Interest Calculator illustrates how contributions and assumed returns affect a future balance; returns are not guaranteed.

How to Use This Mortgage Calculator

Begin by entering your agreed Home Price, which represents the gross purchase valuation stated on your real estate purchase agreement. Next, enter your cash Down Payment (or deposit). The calculator subtracts this down payment from the property price to determine your net base loan principal, displaying your Loan-to-Value (LTV) percentage immediately. If your down payment is below conventional thresholds (such as 20% in the United States, Australia, or Canada), the system automatically incorporates statutory mortgage default insurance into your monthly projections.

Enter the annual interest rate and loan term from the offer you want to assess. A shorter term usually has higher regular payments and may reduce interest over the life of the loan. Add estimates for property taxes, insurance, mortgage insurance and HOA dues to see their effect on monthly housing costs.

Calculation Methodology & Statutory Standards

For a fixed-rate loan with regular monthly payments, the principal and interest estimate uses the standard amortization equation:

M = P × [ r(1 + r)ⁿ ] / [ (1 + r)ⁿ − 1 ]

In this formula, M is the monthly principal and interest payment, P is the loan principal, r is the monthly interest rate, and n is the number of monthly payments.

Each payment first covers interest on the outstanding balance; the remainder reduces principal. Taxes, insurance and other costs are shown from the values entered and country assumptions. Actual lender calculations, insurance rules and escrow amounts may differ; confirm them with your lender and relevant authority.

Frequently Asked Questions About Mortgage Financing

What is the practical difference between a mortgage interest rate and the APR?

The interest rate is the baseline annual cost of borrowing expressed as a percentage of your outstanding principal balance. The Annual Percentage Rate (APR) reflects the broader cost of financing, bundling the base interest rate together with origination points, discount points, processing fees, underwriting charges, and essential settlement expenses. Under Regulation Z of the Truth in Lending Act enforced by the Consumer Financial Protection Bureau (CFPB), lenders must disclose the APR so borrowers can make an apples-to-apples comparison across competing mortgage offers that feature differing upfront fee structures.

When and how can Private Mortgage Insurance (PMI) be cancelled?

Under the federal Homeowners Protection Act of 1998, you have the legal right to submit a written request to cancel PMI once your regular payments bring the principal loan balance down to 80% of the property's original value, provided your payment history is satisfactory. In addition, mortgage loan servicers are required by law to cancel PMI automatically once your amortization schedule reaches 78% of the original value, without requiring borrower intervention. Loans backed by the Federal Housing Administration (FHA) follow different statutory rules: borrowers who put down less than 10% must maintain Mortgage Insurance Premiums (MIP) for the entire duration of the loan.

How do additional principal curtailments reduce total loan cost and payoff duration?

Because mortgage interest is calculated monthly against the remaining principal balance, applying extra funds directly toward the principal lowers every subsequent monthly interest charge. For example, adding an extra $200 each month to a $400,000 30-year fixed loan at 6.75% eliminates more than five years of scheduled payments and prevents over $85,000 in interest charges from accruing. Conforming residential mortgages carry no statutory prepayment penalties, meaning borrowers can pay down principal at any cadence without penalty.

How does a fixed-rate mortgage compare against an adjustable-rate mortgage (ARM)?

A fixed-rate mortgage guarantees that your principal and interest payment remains identical over the entire loan life, shielding household budgets from macroeconomic rate volatility. An adjustable-rate mortgage (ARM) or tracker loan provides an initial discounted interest rate for a fixed period (such as 3, 5, or 7 years), after which the rate adjusts periodically according to a benchmark index (such as SOFR in the United States or the Bank of England base rate in the United Kingdom) plus a lender margin. Borrowers who plan to relocate or refinance before the initial fixed period expires can save significant interest with an ARM, but they accept the risk of higher future payments if benchmark rates rise.

Explore Related Financial Planning Calculators

Affordability Calculator →

Use this tool before touring properties to calculate your maximum purchase ceiling based on your gross household income, recurring personal debt obligations, and statutory debt-to-income (DTI) caps.

Extra Payment Calculator →

Use this tool to estimate how recurring or one-off extra payments could affect payoff time and total interest.

Refinance Calculator →

Use this tool when market interest rates decline to compute your financial break-even point by comparing ongoing payment reductions against upfront loan origination and closing settlement fees.

Australia Mortgage Standards & Regulatory Limits

Mortgage underwriting in Australia follows domestic statutory frameworks governing maximum loan-to-value (LTV) limits, minimum cash deposits, and mandatory interest rate stress tests. This calculator automatically incorporates Australia standards into its assumptions so that your results reflect realistic underwriting requirements rather than generic estimates.

Serviceability assessed with a rate buffer. Lenders mortgage insurance above ~80% LTV.

Australia home affordability calculator → Test extra mortgage payments → Mortgage refinance calculator → Compare renting and buying in Australia → Estimate your total home-buying budget → Check Australia net take-home salary → Explore country mortgage guides →

⚙️

Calculation Methodology & Proof

Mortgage (PITI + schedule)

The loan is amortized as above. Housing cost adds tax, insurance, HOA, and PMI. UK-style splits keep an interest-only balloon.

PITI = M + tax/12 + insurance/12 + HOA + PMI. IO payment = IO balance × r. Balloon = IO balance at term.

Loan amount = price − down payment. LTV = loan / price.
If an interest-only amount is set, only the remainder amortizes.
PMI (when enabled) is charged while scheduled LTV is above the threshold (default 80%).
Total cost sums interest, fees, and the recurring housing add-ons over the payoff period.

Important Caveats & Planning Assumptions

Tax and insurance are estimates; escrow analysis will differ.
PMI cancellation rules vary by product and country.

Read complete methodology documentation →

Frequently Asked Questions

Expert answers to common questions

What is included in the monthly total?

Principal and interest, plus estimated property tax, home insurance, HOA, and PMI when LTV is above the threshold. That PITI figure is what lenders use for affordability.

When does PMI drop off?

This calculator removes PMI once the scheduled balance reaches 80% of the original purchase price. Servicers may also need an appraisal; rules vary by country and loan type.

How does a UK split mortgage work here?

Set an interest-only amount. That slice is charged interest only and remains as a balloon; the rest amortizes over the term.

Total Monthly (PITI)

AUD 2,193.22

Breakdown ↓ Schedule

📋 Official Guide · 2026

Reviewed 2026-09-16 · Verified September 2026 against APRA CPS 220 prudential practice guide. APRA maintains a 3.0 percentage point minimum interest rate serviceability buffer across all authorized deposit-taking institutions (ADIs).

Australia Mortgage Guide 2026: APRA Buffers, LMI, and Serviceability

Buying a home in Australia involves navigating strict serviceability tests, Lenders Mortgage Insurance (LMI) for low deposits, and state-based stamp duties. Regulated by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), the Australian market is predominantly variable-rate or short-term fixed (1 to 3 years). This guide breaks down the rules, rates, and costs for 2026.

How Much Can You Borrow in Australia? ▼

Your borrowing power is strictly regulated by the Australian Prudential Regulation Authority (APRA) to ensure you can withstand interest rate shocks.

The 3.0% APRA Serviceability Buffer ▼

Lenders must assess your ability to repay the loan at a rate that is at least 3.0 percentage points higher than your actual loan rate. If your home loan rate is 6.00%, the bank will test your income and expenses as if the rate were 9.00%. This significantly reduces maximum borrowing capacity compared to pre-2021 levels.

Household Expenditure Measure (HEM) ▼

Banks use the HEM to estimate your minimum living expenses based on your family size and income, disregarding your declared expenses if they are lower than the HEM baseline.

Use the Australian affordability calculator to estimate your borrowing capacity under current APRA buffers.

Down Payments and Lenders Mortgage Insurance (LMI) ▼

20% Deposit	The gold standard. Avoids LMI and secures the best interest rates.

Less than 20% Deposit: Triggers Lenders Mortgage Insurance (LMI). LMI is a one-off insurance premium that protects the lender, not you. It can cost anywhere from $5,000 to $30,000 depending on your loan size and LVR (Loan-to-Value Ratio), and is usually capitalized (added) into your loan balance.

Minimum Deposit: Generally 5%, though some lenders require 10%. Certain government schemes for first home buyers allow 2% to 5% deposits without paying LMI.

Australian Mortgage Types ▼

Variable Rate: The interest rate moves with the Reserve Bank of Australia (RBA) cash rate and lender discretion. Typically includes features like 100% offset accounts and unlimited extra repayments.

Fixed Rate: Locked for 1 to 5 years. Breaking a fixed rate early incurs heavy break costs. Offset accounts are rare on fixed loans, and extra repayments are capped (e.g., $10,000 per year).

Principal and Interest (P&I): Standard amortization where you pay off both the loan amount and interest.

Interest Only (IO): You only pay the interest. Common for investment properties for tax purposes, but residential owner-occupiers pay a premium rate for IO loans.

Current Australian Mortgage Rates (2026) ▼

Following the RBA's cash rate holds in 2026, typical owner-occupier P&I rates are:

Variable Rate (LVR < 80%)	5.80% to 6.20%

1-year Fixed: 6.00% to 6.30%

3-year Fixed	5.75% to 6.10%

*Rates are illustrative averages as of September 2026.*

Closing Costs and Stamp Duty ▼

Stamp Duty (Transfer Duty) is the largest upfront cost for Australian buyers. It varies wildly by state and territory.

Typical Costs on a $800,000 Home
Stamp Duty (NSW)	~$31,000
Stamp Duty (VIC)	~$43,000
Stamp Duty (QLD)	~$21,000
LMI (if 10% deposit)	~$15,000 to $18,000
Conveyancing/Legal	$1,500 to $2,500
Loan Application/Settlement Fees	$300 to $800

First Home Owner Grants (FHOG) and stamp duty concessions are available in most states for newly built homes or properties under specific price thresholds.

Worked Example: Purchasing an $800,000 AUD Home in NSW ▼

Consider an Australian buyer purchasing an $800,000 property in New South Wales comparing a 20% deposit ($160,000) against a 10% deposit ($80,000):

Expense Item	20% Deposit Tier (80% LVR)	10% Deposit Tier (90% LVR)
Base Loan Amount	$640,000	$720,000
Lenders Mortgage Insurance (LMI)	$0 (Exempt)	$16,800 (Capitalized)
Total Borrowed Balance	$640,000	$736,800
NSW Transfer Stamp Duty	$31,090	$31,090
Legal Conveyancing & Registration	$2,200	$2,200
Total Upfront Cash Required	$193,290	$113,290

Putting down 20% avoids $16,800 in LMI charges, reduces total loan interest by over $95,000 across a 30-year term, and unlocks top-tier interest rate discounts.

The Australian Mortgage Process ▼

1. Save your deposit (Genuine Savings). Banks want to see a 3- to 6-month history of consistent saving.

2. Get Pre-Approval (Conditional Approval). Valid for 90 days, it gives you a firm budget.

3. House Hunting and Purchasing. Buying at auction requires an immediate 10% deposit and no cooling-off period. Private treaty purchases usually have a subject to finance clause.

4. Formal Approval. The lender conducts a valuation of the property and issues unconditional approval.

5. Settlement. Typically 30 to 90 days after signing the contract. Your conveyancer handles the transfer of funds and title.

Frequently Asked Questions About Australian Mortgages ▼

What is an Offset Account?

An offset account is a standard transaction account linked directly to your variable-rate mortgage. Every dollar in this account reduces the loan balance on which interest is calculated daily. For example, if you owe $600,000 and hold $50,000 in your offset account, interest is charged only on $550,000, creating tax-free compound interest savings while retaining full liquidity.

Do I need to pay Lenders Mortgage Insurance (LMI)?

Yes, if your cash deposit is less than 20% of the property's purchase price (an LVR above 80%). LMI protects the lender against loss if you default. However, full LMI waivers are offered by many Australian banks for accredited professionals (such as doctors, medical specialists, lawyers, and chartered accountants) up to 90% or 95% LVR, or through the federal government's Home Guarantee Scheme.

Can I make extra repayments on an Australian home loan?

Variable-rate home loans allow unlimited extra repayments without penalty, and funds can be retrieved through a redraw facility. Fixed-rate loans, however, typically cap extra repayments at $10,000 per year, and breaking a fixed rate early triggers break costs based on wholesale interest rate differentials.

Official Sources & References

Australian Prudential Regulation Authority (APRA) Reserve Bank of Australia (RBA) Australian Securities and Investments Commission (ASIC) Moneysmart

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