Home Loan Repayment Calculator
This calculator estimates repayments on an Australian home loan and shows how the balance falls over the term. Switch to fortnightly repayments to pay a little extra each year, and compare the advertised rate against the comparison rate, which folds in most fees.
Your numbers
Loan balance over time
Nothing is saved or sent. The share link holds your numbers, in your browser only.
Amortization schedule
Every payment, split into principal and interest. Export it or print a copy.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 2026 | A$3,561 | A$18,255 | A$596,439 |
| 2027 | A$7,455 | A$36,177 | A$588,984 |
| 2028 | A$7,923 | A$35,709 | A$581,062 |
| 2029 | A$8,420 | A$35,212 | A$572,642 |
| 2030 | A$8,948 | A$34,684 | A$563,694 |
| 2031 | A$9,509 | A$34,122 | A$554,185 |
| 2032 | A$10,106 | A$33,526 | A$544,079 |
| 2033 | A$10,740 | A$32,892 | A$533,339 |
| 2034 | A$11,414 | A$32,218 | A$521,926 |
| 2035 | A$12,130 | A$31,502 | A$509,796 |
| 2036 | A$12,890 | A$30,741 | A$496,906 |
| 2037 | A$13,699 | A$29,932 | A$483,206 |
| 2038 | A$14,559 | A$29,073 | A$468,648 |
| 2039 | A$15,472 | A$28,160 | A$453,176 |
| 2040 | A$16,443 | A$27,189 | A$436,733 |
| 2041 | A$17,474 | A$26,158 | A$419,259 |
| 2042 | A$18,570 | A$25,061 | A$400,689 |
| 2043 | A$19,735 | A$23,896 | A$380,954 |
| 2044 | A$20,973 | A$22,658 | A$359,980 |
| 2045 | A$22,289 | A$21,342 | A$337,691 |
| 2046 | A$23,687 | A$19,944 | A$314,004 |
| 2047 | A$25,173 | A$18,458 | A$288,830 |
| 2048 | A$26,753 | A$16,879 | A$262,078 |
| 2049 | A$28,431 | A$15,201 | A$233,646 |
| 2050 | A$30,215 | A$13,417 | A$203,432 |
| 2051 | A$32,110 | A$11,521 | A$171,322 |
| 2052 | A$34,125 | A$9,507 | A$137,197 |
| 2053 | A$36,265 | A$7,366 | A$100,932 |
| 2054 | A$38,540 | A$5,091 | A$62,391 |
| 2055 | A$40,958 | A$2,673 | A$21,433 |
| 2056 | A$21,433 | A$383 | A$0 |
Why the comparison rate matters
Australian lenders must publish a comparison rate alongside the advertised rate. It bundles most fees into a single figure so you can compare loans fairly, since a low headline rate with high fees can cost more than a slightly higher rate with none. Use the comparison rate when you shop, and enter it here for a truer repayment.
Offset accounts and fortnightly repayments
Many Australian loans come with an offset account: money sitting in it reduces the balance interest is charged on, without you formally repaying. Paying fortnightly rather than monthly is another common tactic, since 26 fortnightly payments add up to more than 12 monthly ones over a year. Toggle fortnightly above, or add extra repayments, to see the effect on your interest and term.
LMI under 20% deposit
With a deposit under 20%, lenders usually require Lenders Mortgage Insurance. It protects the lender, not you, and the premium can be substantial, so it is often worth weighing against saving a larger deposit or using a guarantor. LMI is commonly added to the loan.