🇦🇺 Australia Mortgage

$1,500,000 mortgage at 5.5% over 30 years — A$6,813/month

Monthly principal and interest repayments of A$6,813 over 30 years. Total interest paid: A$1,252,848. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$6,813
P&I only
Total interest
A$1,252,848
Over 30 years
Upfront costs
A$365,555
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,500,000 mortgage at 5.5% over 30 years really costs

Your monthly repayment of A$6,813 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$5,500 is interest and only A$1,313 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,252,848 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$16,165A$65,597A$1,183,835
Year 2A$17,077A$64,685A$1,166,758
Year 3A$18,040A$63,721A$1,148,718
Year 4A$19,058A$62,704A$1,129,660
Year 5A$20,133A$61,629A$1,109,527
Year 6A$21,268A$60,493A$1,088,259
Year 7A$22,468A$59,293A$1,065,791
Year 8A$23,736A$58,026A$1,042,055
Year 9A$25,074A$56,687A$1,016,981
Year 10A$26,489A$55,273A$990,492
Year 11A$27,983A$53,779A$962,509
Year 12A$29,561A$52,200A$932,947
Year 13A$31,229A$50,533A$901,719
Year 14A$32,990A$48,771A$868,728
Year 15A$34,851A$46,910A$833,877
Year 16A$36,817A$44,944A$797,059
Year 17A$38,894A$42,868A$758,165
Year 18A$41,088A$40,674A$717,077
Year 19A$43,406A$38,356A$673,671
Year 20A$45,854A$35,907A$627,817
Year 21A$48,441A$33,321A$579,377
Year 22A$51,173A$30,589A$528,204
Year 23A$54,060A$27,702A$474,144
Year 24A$57,109A$24,653A$417,035
Year 25A$60,330A$21,431A$356,704
Year 26A$63,734A$18,028A$292,971
Year 27A$67,329A$14,433A$225,642
Year 28A$71,127A$10,635A$154,516
Year 29A$75,139A$6,623A$79,377
Year 30A$79,377A$2,385A$0

Loan summary

Property priceA$1,500,000
DepositA$300,000 (20%)
Loan amountA$1,200,000
Interest rate5.5% p.a.
Loan term30 years
Stamp duty (NSW est.)A$65,555
Adjust in full calculator →

Compare rates

5% p.a.A$6,442/mo6% p.a.A$7,195/mo6.5% p.a.A$7,585/mo7% p.a.A$7,984/mo7.5% p.a.A$8,391/mo

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