Australian Home Loan Repayment Calculator

Calculate your estimated mortgage repayments with weekly, fortnightly, or monthly payment options

Australian Home Loan Repayment Calculator
Calculate your estimated mortgage repayments with weekly, fortnightly, or monthly payment options

Enter amount in Australian Dollars (A$10,000 - A$50,000,000)

Enter rate as a percentage, e.g. 6.5 (range: 0.01% - 20%)

Enter number of years (range: 1 - 40 years)

About This Calculator

This home loan calculator estimates your monthly mortgage repayments for residential property purchases in Australia. The calculator uses the standard compound interest formula used by Australian lenders to provide accurate estimates based on your inputs.

How to Use This Calculator
  1. Enter your desired loan amount in Australian Dollars (A$)
  2. Input the annual interest rate as a percentage (current Australian home loan rates typically range from 5% to 7%)
  3. Enter your loan term in years (residential home loans in Australia typically range from 25 to 30 years)
  4. Click 'Calculate Repayments' to view your estimated monthly repayment and total costs over the life of the loan

This page supports clients of First Migration Service Centre who are assessing the affordability of Australian property purchases alongside visa planning.

All figures are estimates only and should be confirmed with a licensed mortgage broker or financial adviser before making financial commitments.

Last reviewed: 1 October 2025
How the repayment estimates are calculated
The calculator applies the standard amortising home loan formula used by Australian lenders. Repayments are calculated using compound interest with no balloon payment.
  • Formula: M = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1], where M is the periodic repayment, P is the principal, r is the periodic interest rate, and n is the total number of repayments.
  • Interest compounds monthly. Weekly and fortnightly results are derived from the monthly value (weekly = monthly × 12 ÷ 52; fortnightly = monthly × 12 ÷ 26).
  • Repayments assume the rate stays constant for the entire term and exclude lender fees, taxes, and insurance premiums.
  • Figures are rounded to two decimal places and displayed in Australian dollars (AUD).
Key assumptions and limitations
  • Loan amounts between A$10,000 and A$50,000,000 can be assessed. Larger or smaller loans may require lender-specific calculators.
  • Interest rate inputs are annual percentage rates. Introductory offers, comparison rates, or tiered pricing are not factored in.
  • Additional repayments, offset accounts, redraw facilities, lender fees, and settlement costs are outside the scope of this tool.
  • Results are not credit advice. Engage a qualified mortgage broker or financial adviser before submitting applications.
Worked repayment examples
These scenarios illustrate how repayment amounts shift with different loan sizes and terms.

First-home buyer with a standard loan

  • Loan amount A$650,000 · 30-year term · 6.20% p.a. interest
  • Monthly repayment ≈ A$3,986.49 | Fortnightly ≈ A$1,842.92 | Weekly ≈ A$921.46
  • Total paid over loan life ≈ A$1,435,137.54 with ≈ A$785,137.54 in interest

Investor planning a shorter term

  • Loan amount A$450,000 · 20-year term · 6.00% p.a. interest
  • Monthly repayment ≈ A$3,219.16 | Fortnightly ≈ A$1,482.14 | Weekly ≈ A$741.07
  • Total paid over loan life ≈ A$772,598.86 with ≈ A$322,598.86 in interest
Frequently asked questions
Accurate, migration-focused answers for common borrowing questions.

Does the calculator include lender fees or government charges?

No. The calculator models principal and interest only. Application fees, valuation fees, mortgage insurance, and government duties are excluded. Request a fee disclosure from your lender for a complete cost profile.

How do weekly and fortnightly repayments help me pay the loan faster?

Paying weekly or fortnightly effectively makes one extra monthly repayment each year. While this can reduce interest paid, your lender must allow the schedule and may charge for frequent payments. Confirm the arrangement before setting up automatic transfers.

Can I rely on these numbers to meet Australian visa financial requirements?

Use the figures as planning support only. Department of Home Affairs assessments consider a wide range of evidence, including savings history and ongoing income. Provide official lender documents when visa case officers request proof of borrowing capacity.

What to do after calculating
Once you understand indicative repayments, explore these resources to align your migration and property strategies:

Reviewed by First Migration Service Centre (MARN 1569835). Last updated 1 October 2025.