Australian Mortgage Calculator

Calculate your home loan repayments with accurate Australian lending rates

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Loan Details

$
%

6.5% is a placeholder starting point, not a current rate quote — enter your own rate or your lender's advertised rate for an accurate estimate.

years

Your Repayments

Monthly Repayment
$3,160
$3,160 per month
Weekly
$729
Fortnightly
$1,459
Loan Amount$500,000
Total Interest$637,722
Total Repayment$1,137,722

Important Notice

This Mortgage Calculator provides estimates only. It is not intended to be relied on for the purpose of making a decision about a particular financial product.

We recommend you obtain financial advice from an Australian Financial Services (AFS) licensee before making any financial decisions. The results do not take into account your personal circumstances, financial situation, or objectives.

This calculator uses the following assumptions. These assumptions are reasonable for providing general estimates but may not reflect your specific situation:

  • •Interest is calculated using a standard amortisation formula
  • •The interest rate remains constant for the entire loan term (fixed rate assumption)
  • •Repayments are made regularly without variation or additional payments
  • •Weekly repayments are calculated as 52 payments per year, fortnightly as 26 payments per year
  • •No fees, charges, or additional costs (such as establishment fees, ongoing fees, or lender's mortgage insurance) are included
  • •The loan is a principal and interest loan (not interest-only)
  • •Calculations do not account for potential interest rate changes, offset accounts, or redraw facilities

This calculator is provided for informational and educational purposes only. Always verify calculations with relevant professionals and official sources.

About Mortgage Calculations in Australia

This mortgage calculator uses standard Australian lending practices to calculate your home loan repayments. Interest is calculated daily and compounded based on your selected repayment frequency.

Weekly Payments

52 payments per year. Can help reduce total interest paid over the life of the loan.

Fortnightly Payments

26 payments per year. Popular choice for those paid fortnightly, helps save on interest.

Monthly Payments

12 payments per year. Traditional payment method, easier to budget for monthly expenses.