Australian Mortgage Calculator
Calculate your home loan repayments, interest costs, and total loan amount with our comprehensive mortgage calculator
Calculate Mortgage Repayments
How to Use This Calculator
- Enter your loan amount (the amount you're borrowing)
- Enter the current interest rate (check with your lender)
- Select your loan term (typically 25-30 years)
- Choose your payment frequency
- Click calculate to see your repayment details
Current Australian Interest Rates
Mortgage Repayment Details
Enter your loan details to calculate mortgage repayments
Frequently Asked Questions
What is a mortgage calculator?
A mortgage calculator helps you estimate your home loan repayments based on the loan amount, interest rate, and loan term. It's useful for budgeting and comparing different loan options.
What's the difference between variable and fixed rates?
Variable rates can change over time based on market conditions, while fixed rates remain the same for a set period (usually 1-5 years). Variable rates offer more flexibility, while fixed rates provide payment certainty.
How much deposit do I need?
Most lenders require a minimum 5-10% deposit, but a 20% deposit helps avoid Lenders Mortgage Insurance (LMI). First home buyers may be eligible for government schemes with lower deposit requirements.
What other costs should I consider?
Additional costs include stamp duty, legal fees, building inspections, loan establishment fees, and ongoing costs like council rates, insurance, and maintenance.