🇦🇺 Australia Mortgage

$1,000,000 mortgage at 6% over 30 years — A$4,796/month

Monthly principal and interest repayments of A$4,796 over 30 years. Total interest paid: A$926,706. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$4,796
P&I only
Total interest
A$926,706
Over 30 years
Upfront costs
A$239,735
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,000,000 mortgage at 6% over 30 years really costs

Your monthly repayment of A$4,796 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$4,000 is interest and only A$796 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$926,706 in interest — 116% 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$9,824A$47,733A$790,176
Year 2A$10,430A$47,127A$779,746
Year 3A$11,073A$46,484A$768,673
Year 4A$11,756A$45,801A$756,916
Year 5A$12,481A$45,075A$744,435
Year 6A$13,251A$44,306A$731,184
Year 7A$14,069A$43,488A$717,115
Year 8A$14,936A$42,621A$702,179
Year 9A$15,857A$41,699A$686,321
Year 10A$16,836A$40,721A$669,486
Year 11A$17,874A$39,683A$651,612
Year 12A$18,976A$38,581A$632,636
Year 13A$20,147A$37,410A$612,489
Year 14A$21,389A$36,167A$591,099
Year 15A$22,709A$34,848A$568,391
Year 16A$24,109A$33,448A$544,282
Year 17A$25,596A$31,961A$518,685
Year 18A$27,175A$30,382A$491,510
Year 19A$28,851A$28,706A$462,659
Year 20A$30,631A$26,926A$432,029
Year 21A$32,520A$25,037A$399,509
Year 22A$34,526A$23,031A$364,983
Year 23A$36,655A$20,902A$328,328
Year 24A$38,916A$18,641A$289,413
Year 25A$41,316A$16,241A$248,097
Year 26A$43,864A$13,693A$204,232
Year 27A$46,570A$10,987A$157,663
Year 28A$49,442A$8,115A$108,221
Year 29A$52,492A$5,065A$55,729
Year 30A$55,729A$1,828A$0

Loan summary

Property priceA$1,000,000
DepositA$200,000 (20%)
Loan amountA$800,000
Interest rate6% p.a.
Loan term30 years
Stamp duty (NSW est.)A$39,735
Adjust in full calculator →

Compare rates

5% p.a.A$4,295/mo5.5% p.a.A$4,542/mo6.5% p.a.A$5,057/mo7% p.a.A$5,322/mo7.5% p.a.A$5,594/mo

Related

💳 Loan Calculator🏦 Savings Calculator📉 Inflation Calculator📈 Compound Interest