🇦🇺 Australia Mortgage

$1,500,000 mortgage at 7.5% over 30 years — A$8,391/month

Monthly principal and interest repayments of A$8,391 over 30 years. Total interest paid: A$1,820,607. See how extra repayments can save you tens of thousands.

▶ Open full calculator🇦🇺 AU detailed version
Monthly repayment
A$8,391
P&I only
Total interest
A$1,820,607
Over 30 years
Upfront costs
A$365,555
Deposit + Stamp

Extra monthly repayment

A$0/mo

What $1,500,000 mortgage at 7.5% over 30 years really costs

Your monthly repayment of A$8,391 covers both interest and principal. In the early years, the majority goes toward interest — in month 1, approximately A$7,500 is interest and only A$891 reduces the principal. This shifts gradually over 30 years.

Over the full 30-year term, you pay A$1,820,607 in interest — 152% 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$11,062A$89,625A$1,188,938
Year 2A$11,921A$88,766A$1,177,017
Year 3A$12,846A$87,841A$1,164,171
Year 4A$13,844A$86,843A$1,150,327
Year 5A$14,918A$85,769A$1,135,409
Year 6A$16,076A$84,611A$1,119,333
Year 7A$17,324A$83,362A$1,102,008
Year 8A$18,669A$82,018A$1,083,339
Year 9A$20,119A$80,568A$1,063,220
Year 10A$21,681A$79,006A$1,041,540
Year 11A$23,364A$77,323A$1,018,176
Year 12A$25,177A$75,509A$992,999
Year 13A$27,132A$73,555A$965,867
Year 14A$29,238A$71,448A$936,628
Year 15A$31,508A$69,179A$905,120
Year 16A$33,954A$66,733A$871,166
Year 17A$36,590A$64,097A$834,575
Year 18A$39,431A$61,256A$795,145
Year 19A$42,492A$58,195A$752,653
Year 20A$45,791A$54,896A$706,862
Year 21A$49,346A$51,341A$657,516
Year 22A$53,176A$47,510A$604,340
Year 23A$57,305A$43,382A$547,035
Year 24A$61,753A$38,934A$485,282
Year 25A$66,547A$34,139A$418,734
Year 26A$71,714A$28,973A$347,020
Year 27A$77,281A$23,406A$269,739
Year 28A$83,281A$17,406A$186,459
Year 29A$89,746A$10,941A$96,713
Year 30A$96,713A$3,974A$0

Loan summary

Property priceA$1,500,000
DepositA$300,000 (20%)
Loan amountA$1,200,000
Interest rate7.5% 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/mo6.5% p.a.A$7,585/mo7% p.a.A$7,984/mo

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