Mortgage repayment calculator
Your principal-and-interest repayment on an Australian home loan — monthly, fortnightly or weekly — and the total interest over the term.
Your repayment
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What are the repayments on a $600,000 home loan?
On a $600,000 loan at 6.09% over 30 years, principal-and-interest repayments are about $3,632 a month — and you'd pay roughly $707,554 in interest across the life of the loan, for a total of $1,307,554. Enter your own numbers above.
Do fortnightly repayments really save money?
Usually, yes — if you pay half the monthly amount every fortnight. Because there are 26 fortnights in a year, that's the equivalent of 13 monthly payments instead of 12, so extra principal comes off faster and you save interest and time. Switch the frequency above to see it.
Mortgage FAQ
How is my repayment calculated?
With the standard amortisation formula: the repayment is the fixed amount that clears the loan over the term at the given rate. Early on most of it is interest; later, most is principal.
Does this include fees or LMI?
No — it's principal and interest only. Add any application fees, ongoing fees and Lenders Mortgage Insurance separately when you compare loans.
Estimate only — general information, not financial advice.