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Mortgage calculator

Principal & Interest or Interest Only, with optional offset and extra repayments.

$
years
% p.a.
$
Repayment type
$/mo

Paid straight off your principal.

Repayment frequency

Estimated repayment

$3,160.34

per month

Total interest

$637,722

Total to repay

$1,137,722

Where your money goes

Total$1,137,722
  • Principal borrowed$500,000
  • Interest$637,722

Loan balance & interest paid

Loan balanceInterest paid
$0$250k$500k$750k$1.0m060m120m180m240m300m360m

Amortisation schedule

#PaymentPrincipalInterestBalance
1$3,160.34$452.01$2,708.33$499,547.99
2$3,160.34$454.46$2,705.88$499,093.54
3$3,160.34$456.92$2,703.42$498,636.62
4$3,160.34$459.39$2,700.95$498,177.23
5$3,160.34$461.88$2,698.46$497,715.35
6$3,160.34$464.38$2,695.96$497,250.97
7$3,160.34$466.90$2,693.44$496,784.07
8$3,160.34$469.43$2,690.91$496,314.64
9$3,160.34$471.97$2,688.37$495,842.67
10$3,160.34$474.53$2,685.81$495,368.15
11$3,160.34$477.10$2,683.24$494,891.05
12$3,160.34$479.68$2,680.66$494,411.37

Mortgage calculator FAQs

We use the standard principal-and-interest amortisation formula with interest compounding monthly on your outstanding balance. Each repayment covers the interest accrued that month, and the remainder reduces your principal — so early repayments are mostly interest and later ones are mostly principal.

Important information

Frontline Financial Pty Ltd is an authorised credit representative (CRN: 575968) of Australian Credit Licence No. 389087, authorised to engage in credit activities.

This calculator provides estimates for illustrative purposes only. It does not account for fees, charges or LMI, and does not constitute a loan offer, pre-approval, or financial advice. View full disclaimer & methodology →

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Frontline Financial Pty Ltd is an authorised credit representative (CRN: 575968) of Australian Credit Licence No. 389087, authorised to engage in credit activities.

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