Mortgage Repayment Calculator
Calculate monthly, fortnightly or weekly home loan repayments.
Monthly repayment
$3,675
Monthly
$3,675
Total repaid
$1,322,933
Total interest
$722,933
Repayments
360
| Loan amount | $600,000 |
| Total interest | $722,933 |
| Total cost of loan | $1,322,933 |
This calculator provides estimates for general information only and should not be considered financial, tax or legal advice. Check official Australian Government sources for current rates and rules.
How the Mortgage repayments calculator works
This calculator uses the standard amortising loan formula to work out a fixed repayment that pays off both interest and principal over your chosen loan term, assuming your interest rate stays constant.
Switching to fortnightly or weekly repayments doesn’t change your interest rate, but many borrowers pay slightly less interest overall by paying fortnightly, since it usually adds up to one extra monthly repayment per year.
Frequently asked questions
This calculator uses the standard amortising loan formula, which works out a fixed periodic repayment that pays off both interest and principal over your loan term at a constant interest rate.