🇦🇺 Australia Mortgage

$1,200,000 mortgage at 7% over 30 years — A$6,387/month

Monthly principal and interest repayments of A$6,387 over 30 years. Total interest paid: A$1,339,285. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$6,387
P&I only
Total interest
A$1,339,285
Over 30 years
Upfront costs
A$289,055
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,200,000 mortgage at 7% over 30 years really costs

Your monthly repayment of A$6,387 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$5,600 is interest and only A$787 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,339,285 in interest — 140% 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$9,752A$66,891A$950,248
Year 2A$10,457A$66,186A$939,791
Year 3A$11,213A$65,430A$928,579
Year 4A$12,023A$64,620A$916,556
Year 5A$12,892A$63,750A$903,663
Year 6A$13,824A$62,818A$889,839
Year 7A$14,824A$61,819A$875,015
Year 8A$15,895A$60,748A$859,120
Year 9A$17,044A$59,598A$842,075
Year 10A$18,277A$58,366A$823,799
Year 11A$19,598A$57,045A$804,201
Year 12A$21,014A$55,628A$783,187
Year 13A$22,534A$54,109A$760,653
Year 14A$24,163A$52,480A$736,490
Year 15A$25,909A$50,734A$710,581
Year 16A$27,782A$48,861A$682,799
Year 17A$29,791A$46,852A$653,008
Year 18A$31,944A$44,699A$621,064
Year 19A$34,253A$42,389A$586,810
Year 20A$36,730A$39,913A$550,081
Year 21A$39,385A$37,258A$510,696
Year 22A$42,232A$34,411A$468,464
Year 23A$45,285A$31,358A$423,179
Year 24A$48,559A$28,084A$374,620
Year 25A$52,069A$24,574A$322,551
Year 26A$55,833A$20,810A$266,718
Year 27A$59,869A$16,774A$206,849
Year 28A$64,197A$12,446A$142,652
Year 29A$68,838A$7,805A$73,814
Year 30A$73,814A$2,829A$0

Loan summary

Property priceA$1,200,000
DepositA$240,000 (20%)
Loan amountA$960,000
Interest rate7% p.a.
Loan term30 years
Stamp duty (NSW est.)A$49,055
Adjust in full calculator →

Compare rates

5% p.a.A$5,153/mo5.5% p.a.A$5,451/mo6% p.a.A$5,756/mo6.5% p.a.A$6,068/mo7.5% p.a.A$6,712/mo

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