🇦🇺 Australia Mortgage

$1,000,000 mortgage at 5.5% over 30 years — A$4,542/month

Monthly principal and interest repayments of A$4,542 over 30 years. Total interest paid: A$835,232. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$4,542
P&I only
Total interest
A$835,232
Over 30 years
Upfront costs
A$239,735
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,000,000 mortgage at 5.5% over 30 years really costs

Your monthly repayment of A$4,542 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$3,667 is interest and only A$876 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$835,232 in interest — 104% of the loan amount. This is why extra repayments are so powerful: use the slider above to model the impact.

For a complete breakdown including stamp duty by Australian state, LMI estimates, and property tax, use the AU Mortgage Calculator. To understand how inflation affects your real repayment cost over time, see the Inflation Calculator.

Annual payment breakdown

PrincipalInterest

Amortisation schedule

YearPrincipalInterestBalance
Year 1A$10,777A$43,731A$789,223
Year 2A$11,385A$43,123A$777,839
Year 3A$12,027A$42,481A$765,812
Year 4A$12,705A$41,803A$753,107
Year 5A$13,422A$41,086A$739,685
Year 6A$14,179A$40,329A$725,506
Year 7A$14,979A$39,529A$710,527
Year 8A$15,824A$38,684A$694,703
Year 9A$16,716A$37,791A$677,987
Year 10A$17,659A$36,849A$660,328
Year 11A$18,655A$35,852A$641,673
Year 12A$19,708A$34,800A$621,965
Year 13A$20,819A$33,688A$601,146
Year 14A$21,994A$32,514A$579,152
Year 15A$23,234A$31,273A$555,918
Year 16A$24,545A$29,963A$531,373
Year 17A$25,929A$28,578A$505,443
Year 18A$27,392A$27,116A$478,051
Year 19A$28,937A$25,571A$449,114
Year 20A$30,569A$23,938A$418,545
Year 21A$32,294A$22,214A$386,251
Year 22A$34,115A$20,392A$352,136
Year 23A$36,040A$18,468A$316,096
Year 24A$38,073A$16,435A$278,023
Year 25A$40,220A$14,287A$237,803
Year 26A$42,489A$12,019A$195,314
Year 27A$44,886A$9,622A$150,428
Year 28A$47,418A$7,090A$103,010
Year 29A$50,092A$4,415A$52,918
Year 30A$52,918A$1,590A$0

Loan summary

Property priceA$1,000,000
DepositA$200,000 (20%)
Loan amountA$800,000
Interest rate5.5% p.a.
Loan term30 years
Stamp duty (NSW est.)A$39,735
Adjust in full calculator →

Compare rates

5% p.a.A$4,295/mo6% p.a.A$4,796/mo6.5% p.a.A$5,057/mo7% p.a.A$5,322/mo7.5% p.a.A$5,594/mo

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