Australia calculator

Mortgage Calculator Australia - 2025-2026

Our free mortgage calculator helps you make informed financial decisions in Australia. Whether you are planning your budget, evaluating a loan, or projecting investment growth, our calculator provides accurate results based on Australia specific rates and regulations.

At a Glance

What will my monthly mortgage payment be in Australia?

Your monthly mortgage payment in Australia depends on the property price, deposit, loan term, and interest rate. Use our free mortgage calculator to get an instant payment breakdown with principal, interest, and estimated stamp duty for your chosen state.

Quick Answer

How much house can I afford in Australia?

In Australia, most lenders offer 5-6x your gross annual income. With a combined income of $180,000, maximum borrowing is approximately $900,000-$1,080,000. First home buyers benefit from state-specific FHOG ($10k-$15k), stamp duty concessions, and the FHSS Scheme ($50k per person for deposits). Use our mortgage calculator with current Australian rates to find your affordable price range.

Mortgage Calculator

Calculates monthly mortgage payments including taxes, insurance, and HOA

Inputs

Home Price

Down Payment

Annual Interest Rate

Loan Term (Years)

Annual Property Tax

Annual Insurance

Monthly HOA

Results

Monthly Payment

Principal & InterestA$2,661.21

Property TaxA$500.00

InsuranceA$100.00

HOAA$200.00

Total MonthlyA$3,461.21

Loan Summary

Loan AmountA$400,000.00

Total InterestA$558,035.59

Total PaymentA$958,035.59

LTV Ratio80.00%

How to Use the Mortgage Calculator

Follow these simple steps to get accurate results in just a few clicks.

1
Enter the property price
Input the purchase price of the home you are considering in A$.
2
Set your deposit
Enter your deposit (typically 5-20% of the property price). A 20% deposit avoids Lenders Mortgage Insurance (LMI).
3
Choose your loan type
Select principal and interest (owner-occupier) or interest-only (investor). Choose fixed or variable rate.
4
Enter the interest rate
Input the current mortgage rate offered by Australia lenders. Check comparison sites for the best deals for your LVR.
5
Review your full costs
See your monthly repayment, annual costs, total interest over the loan term, and estimated stamp duty. Adjust any input to compare scenarios.

Mortgage Payments in Australia

Calculate monthly mortgage payments using Australia interest rates. Enter the property price, down payment, loan term, and interest rate to see your monthly payment breakdown.

Australia Property Costs

Factor in property taxes, insurance, and GST at 10% where applicable. Our calculator gives you the complete picture of home ownership costs in Australia.

Other Countries

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Related Guide

How Much House Can I Afford?

Frequently Asked Questions

How much stamp duty will I pay in Australia?

Stamp duty (transfer duty) varies by state. In NSW: 0% up to $350k, then 1.25-5.5% for higher values; first home buyers get full exemption up to $800k (from July 2024). In VIC: starting at 1.4% on $25k+ portion of properties over $600k; first home buyer exemptions up to $600k. QLD: 0% up to $500k for first home buyers (under $550k). Use a state-specific stamp duty calculator for exact amounts.

What is the average mortgage rate in Australia?

Standard variable rates in Australia range from 6.5-7.5%, with fixed rates at 5.5-6.5% (1-3 year terms) as of 2024. Owner-occupiers generally receive better rates than investors. The RBA cash rate (currently 4.35%) heavily influences mortgage rates. Comparison rates include most fees and charges.

How much can I borrow for a mortgage in Australia?

Most lenders offer up to 5-6x your gross annual income. With a combined income of $180,000, you could borrow approximately $900,000-$1,080,000. Lenders assess your ability to repay at a higher rate (typically 3% above the product rate) to ensure you could handle rate rises. LVR above 80% requires Lenders Mortgage Insurance (LMI).

What is the First Home Owner Grant in Australia?

The First Home Owner Grant (FHOG) provides $10,000-$15,000 for first home buyers purchasing or building a new home (varies by state). The First Home Super Saver (FHSS) Scheme allows voluntary super contributions to be withdrawn for a home deposit (up to $50,000 per person). State-specific stamp duty concessions provide additional savings.

What costs are included in my monthly mortgage payment?

Monthly payments include principal and interest (P&I) or interest-only (IO, typically for investors). Owner-occupiers usually choose P&I. Additional costs include councils rates ($1,500-$3,000/year), strata/body corporate fees for apartments ($3,000-$8,000/year), building insurance, and potentially water service charges.

Should I fix my mortgage rate or stay variable?

Fixed rates offer payment certainty for 1-5 years but typically have fewer features (limited extra repayments, break costs if you sell early). Variable rates offer flexibility (unlimited extra repayments, redraw facility, offset accounts) but payments can rise if the RBA increases rates. Many borrowers split their loan between fixed and variable.

How does an offset account work in Australia?

An offset account is a transaction account linked to your mortgage. The balance reduces the principal amount on which interest is calculated. For example, with a $500,000 mortgage and a $50,000 offset account, you pay interest on only $450,000. Offset accounts save interest with no tax implications and are available on most variable-rate loans.

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Last Updated: June 2026 — Reviewed Against Official Sources

Official Sources

Australia calculators use data from the following official government agencies:

Australian Taxation Office (ATO) — Income tax rates, Medicare levy, and superannuation contribution limits.
Australian Bureau of Statistics (ABS) — Wage data, employment statistics, and cost of living indices.
Reserve Bank of Australia (RBA) — Cash rate, inflation targets, and monetary policy data.

Methodology

Our Australian calculators follow tax rates, thresholds, and superannuation rules published by the Australian Taxation Office (ATO). Wage and economic data is sourced from the Australian Bureau of Statistics (ABS). Mortgage rates reflect RBA cash rate influences and market averages. All figures are for educational purposes.

Data Sources

All tax brackets, contribution rates, and economic data used in our calculators are sourced from the official government publications listed above. Rates are updated at least annually to reflect the latest tax year and regulatory changes. Users should verify critical figures with official sources or qualified professionals.

Last updated: June 2026. Information may change; always verify with official sources.