🇦🇺 Australia Mortgage

$1,500,000 mortgage at 6% over 30 years — A$7,195/month

Monthly principal and interest repayments of A$7,195 over 30 years. Total interest paid: A$1,390,058. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$7,195
P&I only
Total interest
A$1,390,058
Over 30 years
Upfront costs
A$365,555
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,500,000 mortgage at 6% over 30 years really costs

Your monthly repayment of A$7,195 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$6,000 is interest and only A$1,195 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,390,058 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$14,736A$71,599A$1,185,264
Year 2A$15,645A$70,690A$1,169,619
Year 3A$16,610A$69,725A$1,153,009
Year 4A$17,634A$68,701A$1,135,374
Year 5A$18,722A$67,613A$1,116,652
Year 6A$19,877A$66,458A$1,096,775
Year 7A$21,103A$65,232A$1,075,673
Year 8A$22,404A$63,931A$1,053,268
Year 9A$23,786A$62,549A$1,029,482
Year 10A$25,253A$61,082A$1,004,229
Year 11A$26,811A$59,524A$977,418
Year 12A$28,465A$57,871A$948,953
Year 13A$30,220A$56,115A$918,733
Year 14A$32,084A$54,251A$886,649
Year 15A$34,063A$52,272A$852,586
Year 16A$36,164A$50,171A$816,422
Year 17A$38,394A$47,941A$778,028
Year 18A$40,762A$45,573A$737,265
Year 19A$43,277A$43,059A$693,989
Year 20A$45,946A$40,389A$648,043
Year 21A$48,780A$37,556A$599,263
Year 22A$51,788A$34,547A$547,475
Year 23A$54,982A$31,353A$492,493
Year 24A$58,374A$27,962A$434,119
Year 25A$61,974A$24,361A$372,145
Year 26A$65,796A$20,539A$306,349
Year 27A$69,855A$16,481A$236,494
Year 28A$74,163A$12,172A$162,331
Year 29A$78,737A$7,598A$83,594
Year 30A$83,594A$2,742A$0

Loan summary

Property priceA$1,500,000
DepositA$300,000 (20%)
Loan amountA$1,200,000
Interest rate6% 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/mo6.5% p.a.A$7,585/mo7% p.a.A$7,984/mo7.5% p.a.A$8,391/mo

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