Mortgage Calculator - Australia
Calculate your Australian home loan repayments with our free mortgage calculator. Compare monthly, fortnightly, and weekly payment options to find the best mortgage solution for your property purchase.
Mortgage Calculator
Your Mortgage Results
Payment Breakdown
🏠 How It Works
Our Australian mortgage calculator uses standard loan formulas to calculate your home loan repayments. Enter your loan amount, interest rate, and term to get accurate payment estimates for monthly, fortnightly, or weekly payments.
💰 Save Money
Making extra payments or choosing more frequent payment schedules can significantly reduce your total interest. Even small additional payments can save thousands over the life of your mortgage.
📊 Compare Options
Use our calculator to compare different loan scenarios. Adjust the interest rate, loan term, or payment frequency to see how changes affect your monthly budget and total interest paid.
About Australian Mortgages
Understanding Home Loans
A mortgage is a loan secured by real estate property. In Australia, most home loans have variable interest rates, though fixed-rate options are available. The loan term typically ranges from 15 to 30 years.
- Principal and Interest (P&I) loans
- Interest-only loans
- Variable vs Fixed rates
- Offset accounts and redraw facilities
Payment Frequency Benefits
Choosing fortnightly or weekly payments instead of monthly can reduce your loan term and total interest paid:
- Monthly: 12 payments per year
- Fortnightly: 26 payments per year (equivalent to 13 monthly payments)
- Weekly: 52 payments per year
- More frequent payments = faster principal reduction