Australian Mortgage Calculator

Using Our Free Australian Mortgage Calculator

1. Enter your mortgage amount in your correct denomination. This can be a new mortgage or your existing mortgage
2. Next, enter your amortization period. This is the amount of time your mortgage will be amortized. Keep in mind that mortgages over 25 years can be much more expensive than those with shorter periods.
3. Enter your interest term. This is the amount of time your mortgage terms and conditions are in effect.
4. You next need to select your interest type. Mortgages are either variable or fixed rate.
5. Enter your interest rate that you currently have on your mortgage.
6. Select the month and year when the mortgage began or when it will begin.
7. Enter your loan term. This refers to how often you pay on your mortgage.
8. Finally, hit the "Calculate" button. You will then see your monthly payments, your total payments, and how much you will pay in interest over the course of the loan.

Explore our Other Popular Calculators

All of our Australian mortgage calculators are 100% free to our visitors and we aim to provide the most comprehensive offering of mortgage calculator tools for the Australian market. Some of the more popular alculators that we offer to visitors from Australia include our Mortgage Refinance Calculator as well as our Mortgage Affordability Calculator, which are both favoured by our visitors for their extensive detail and helpful statistics. In addition to those calculators, we also offer tons of other useful tools to help you gather information on payment schedules, interest and other important facts you need to know before getting a mortgage in Australia.