Monthly Payment
$4,045
Principal & Interest
Total Interest
$816,285
56.05% of total cost
Payoff Time
30y 360m
9/20/2055
Total Cost
$1,659,355
Including deposit & fees
Mortgage Calculator
Proudlymade
Hey friends 👋 Having navigated first home buyer grants, LMI, yada yada, and a plethora of calculators from the Big 4 and realising that frankly, they all suck (many just flat wrong), I ended up creating a monster spreadsheet to help give me the breakdowns and account for everything I needed.
Eventually it evolved into this. A free, online mortgage calculator that does the heavy lifting and gives you the numbers you need. This calculator is designed specifically for how Aussie home loans actually work - with proper offset account calculations, realistic property growth projections, government grants and more.
Whether you're a first home buyer trying to understand LVR, an investor comparing scenarios, or looking to refinance, this tool provides the comprehensive analysis I hope can support you in your property journey.
You know I originally thought pumping as much as I can into offset payments would reduce my monthly minimum payment? What a donut. Guess they don't call it a minimum payment for nothing.
Payment Analysis
Breakdown of loan costs and additional data points
Principal vs Interest Allocation56.05% interest
Principal (43.95%)
Interest (56.05%)
Property Value:$800,000
Deposit:$160,000
Loan Amount:$640,000
Stamp Duty:
$43,070
LMI Status:
Waived
Total Repaid:$1,456,285
Total Interest:$816,285
Avg Monthly Savings:$0
Based on Payoff Time
Total Cost:$1,659,355
Net Financial Position
-$859,355
Enable property growth to see projected gains/losses
Loan Progress Analysis
Track your mortgage over 30 years
$816,285
$408,142
$0
$632,847
Starting Balance
$0
Final Balance
30 years
Loan Term
$816,285
Total Interest