Australian Mortgage Calculator
Calculate your Australian home loan repayments with current variable and fixed rates.
Loan Details
Results
Monthly Repayment
A$3,694
Principal
A$600,000
Total Interest
A$729,949
Total Paid
A$1,329,949
Australian home loan types
- Variable rate: moves with RBA cash rate. Flexible but unpredictable.
- Fixed rate: locked 1-5 years. Certainty but break fees if you exit early.
- Split loan: part fixed, part variable. Balance of certainty and flexibility.
Features worth having
Offset account, redraw facility, extra repayments allowed, no monthly fee. All are standard on quality loans — push back on any lender that charges extra for these.
Frequently Asked Questions
Everything you need to know, in one place.
What is a good Australian mortgage rate in 2026?
Variable: 5.85%-6.75%. 2-year fixed: 5.95%-6.85%. RBA cash rate movements flow through to variable rates within 1-2 months. Best rates for 80% LTV or below.
What is LMI?
Lenders Mortgage Insurance — payable if your deposit is under 20%. Protects the lender, not you. Cost: 1-4% of loan amount. First home buyers can often avoid LMI via government schemes.
Found this helpful?
Share it with a friend — they'll probably find it useful too.