🇦🇺 Australia Mortgage

$1,500,000 mortgage at 6.5% over 30 years — A$7,585/month

Monthly principal and interest repayments of A$7,585 over 30 years. Total interest paid: A$1,530,534. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$7,585
P&I only
Total interest
A$1,530,534
Over 30 years
Upfront costs
A$365,555
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,500,000 mortgage at 6.5% over 30 years really costs

Your monthly repayment of A$7,585 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$6,500 is interest and only A$1,085 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,530,534 in interest — 128% 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$13,413A$77,605A$1,186,587
Year 2A$14,311A$76,707A$1,172,276
Year 3A$15,269A$75,748A$1,157,007
Year 4A$16,292A$74,726A$1,140,715
Year 5A$17,383A$73,635A$1,123,332
Year 6A$18,547A$72,470A$1,104,784
Year 7A$19,789A$71,228A$1,084,995
Year 8A$21,115A$69,903A$1,063,880
Year 9A$22,529A$68,489A$1,041,351
Year 10A$24,038A$66,980A$1,017,314
Year 11A$25,648A$65,370A$991,666
Year 12A$27,365A$63,653A$964,301
Year 13A$29,198A$61,820A$935,103
Year 14A$31,153A$59,864A$903,949
Year 15A$33,240A$57,778A$870,710
Year 16A$35,466A$55,552A$835,244
Year 17A$37,841A$53,177A$797,403
Year 18A$40,375A$50,642A$757,027
Year 19A$43,079A$47,938A$713,948
Year 20A$45,965A$45,053A$667,983
Year 21A$49,043A$41,975A$618,941
Year 22A$52,327A$38,690A$566,613
Year 23A$55,832A$35,186A$510,781
Year 24A$59,571A$31,447A$451,210
Year 25A$63,561A$27,457A$387,650
Year 26A$67,817A$23,201A$319,833
Year 27A$72,359A$18,659A$247,474
Year 28A$77,205A$13,813A$170,268
Year 29A$82,376A$8,642A$87,893
Year 30A$87,893A$3,125A$0

Loan summary

Property priceA$1,500,000
DepositA$300,000 (20%)
Loan amountA$1,200,000
Interest rate6.5% p.a.
Loan term30 years
Stamp duty (NSW est.)A$65,555
Adjust in full calculator →

Compare rates

5% p.a.A$6,442/mo5.5% p.a.A$6,813/mo6% p.a.A$7,195/mo7% p.a.A$7,984/mo7.5% p.a.A$8,391/mo

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