🇦🇺 Australia Mortgage

$1,500,000 mortgage at 5% over 30 years — A$6,442/month

Monthly principal and interest repayments of A$6,442 over 30 years. Total interest paid: A$1,119,069. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$6,442
P&I only
Total interest
A$1,119,069
Over 30 years
Upfront costs
A$365,555
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,500,000 mortgage at 5% over 30 years really costs

Your monthly repayment of A$6,442 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$5,000 is interest and only A$1,442 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,119,069 in interest — 93% 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$17,704A$59,598A$1,182,296
Year 2A$18,610A$58,692A$1,163,685
Year 3A$19,562A$57,740A$1,144,123
Year 4A$20,563A$56,739A$1,123,560
Year 5A$21,615A$55,687A$1,101,945
Year 6A$22,721A$54,581A$1,079,224
Year 7A$23,884A$53,419A$1,055,340
Year 8A$25,105A$52,197A$1,030,235
Year 9A$26,390A$50,912A$1,003,845
Year 10A$27,740A$49,562A$976,105
Year 11A$29,159A$48,143A$946,945
Year 12A$30,651A$46,651A$916,294
Year 13A$32,219A$45,083A$884,075
Year 14A$33,868A$43,435A$850,207
Year 15A$35,600A$41,702A$814,607
Year 16A$37,422A$39,880A$777,185
Year 17A$39,336A$37,966A$737,849
Year 18A$41,349A$35,953A$696,500
Year 19A$43,464A$33,838A$653,035
Year 20A$45,688A$31,614A$607,347
Year 21A$48,026A$29,277A$559,322
Year 22A$50,483A$26,820A$508,839
Year 23A$53,065A$24,237A$455,773
Year 24A$55,780A$21,522A$399,993
Year 25A$58,634A$18,668A$341,359
Year 26A$61,634A$15,668A$279,725
Year 27A$64,787A$12,515A$214,937
Year 28A$68,102A$9,200A$146,835
Year 29A$71,586A$5,716A$75,249
Year 30A$75,249A$2,054A$0

Loan summary

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

Compare rates

5.5% p.a.A$6,813/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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