Calculate repayments, stamp duty, LMI and borrowing power for Australian home loans in 2024.
🏠 Property Details
$
$
%
yrs
Monthly Repayment
$0
per month
Loan Amount
$0
Total Repayment
$0
Total Interest
$0
Weekly Payment
$0
LVR
0%
LMI Payable
$0
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📋 Stamp Duty Calculator
$
📋 Stamp Duty Estimate
Property Price$0
Stamp Duty$0
Transfer Fee$0
First Home Grant$0
Total Upfront Cost$0
💡 Stamp Duty Tips
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🏦 Your Finances
$
$
$
%
Estimated Borrowing Power
$0
maximum loan amount
Monthly Repayment
$0
Max Property (20% dep)
$0
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About This Australian Mortgage Calculator
This free Australian mortgage calculator helps you estimate your monthly repayments, total interest payable and the full cost of your home loan over its lifetime.
Understanding your mortgage repayments before you buy is one of the most important financial steps you can take. Even small differences in interest rates or loan terms can mean tens of thousands of dollars over a 25-30 year mortgage.
How Australian Mortgages Work
Australian mortgages are typically principal and interest loans with variable or fixed rates. Standard loan terms range from 15 to 30 years. Repayments are usually monthly but can be fortnightly or weekly — paying fortnightly can save significant interest over the life of the loan.
Frequently Asked Questions
What is a good mortgage interest rate in Australia?+
Variable rates in Australia typically range from 5-7% in 2024-25. Fixed rates may be higher or lower. Compare rates across lenders before committing.
How much can I borrow?+
Most Australian lenders use a debt-to-income ratio. As a general rule, you can borrow up to 6x your annual income, though this varies by lender and your financial situation.
What is LVR?+
LVR (Loan-to-Value Ratio) is your loan amount as a percentage of the property value. LVR above 80% typically requires Lenders Mortgage Insurance (LMI).
Should I choose fixed or variable rate?+
Fixed rates provide certainty. Variable rates may be lower and offer more flexibility. Many Australians split their loan — part fixed, part variable.
Is this calculator accurate?+
This calculator provides estimates only. Actual repayments may vary based on your lender's terms, fees and rate adjustments.