Basic Repayment Calculator
Calculate monthly repayments, compare P&I vs Interest Only, view full amortization schedule.
π Loan Details
$800,000
$160,000
Loan Amount$640,000
6.2%
30 Years
$0
π
Monthly Repayment (P&I)
$3,920
π° Total Interest
$771,129
β
Payoff In
30 Years
π Loan Balance Trend
π Principal vs Interest Composition
π Annual Repayment Schedule
| Year | Principal | Interest | Loan Balance |
|---|---|---|---|
| Y1 | $7,570 | $39,467 | $632,430 |
| Y3 | $8,567 | $38,471 | $615,809 |
| Y5 | $9,695 | $37,343 | $597,001 |
| Y7 | $10,971 | $36,066 | $575,716 |
| Y9 | $12,416 | $34,622 | $551,629 |
| Y11 | $14,050 | $32,987 | $524,372 |
| Y13 | $15,900 | $31,138 | $493,525 |
| Y15 | $17,993 | $29,044 | $458,617 |
| Y17 | $20,362 | $26,675 | $419,114 |
| Y19 | $23,043 | $23,995 | $374,409 |
| Y21 | $26,077 | $20,961 | $323,820 |
| Y23 | $29,510 | $17,528 | $266,569 |
| Y25 | $33,395 | $13,643 | $201,782 |
| Y27 | $37,792 | $9,246 | $128,465 |
| Y29 | $42,767 | $4,271 | $45,495 |
| Y30 | $45,495 | $1,542 | $0 |
π Repayment Summary
Loan Amount$640,000
LVR80.0%
Monthly Repayment$3,920
Weekly Repayment$905
Total Repayment$1,411,129
Interest Ratio54.6%
π‘ Interest Saving Tips
- β’ Fortnightly repayments can reduce total interest by ~8%
- β’ Extra $200/month can shorten your loan by 4-5 years
- β’ Offset accounts reduce the interest calculation base
- β’ Fixed vs variable rates each have pros and cons
- β’ LVR > 80% requires LMI insurance
Mortgage Repayment Calculator Australia (2026)
Last updated: February 20, 2026
Use this calculator to compare principal-and-interest vs interest-only scenarios, test extra repayments, and understand loan balance reduction over time.
Inputs that change outcomes most
- Interest rate and repayment type
- Loan term length
- Deposit size and starting LVR
- Consistent extra repayments
References
- Public lender amortization and repayment documentation
- APRA and consumer guidance references on lending prudence