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Mortgage Calculator

Calculate your home loan repayments with accurate daily compounding interest

Calculator
Repayment Visualization
Amortization Schedule
Comparison
Loan Summary
$500,000.00
6.00%
30 years
$0.00

Extra Monthly Repayments

$0.00
Your Monthly Repayment
$2,998.00
Total payable: $1,079,191.00
Monthly
$2,998.00
Fortnightly
$1,383.69
Weekly
$691.85
Your total estimated repayments
$1,079,191.00
Including principal, interest and extra repayments
Total Loan Amount $500,000.00
Total Interest Payable $579,191.00
Total Amount Payable $1,079,191.00

Payment Breakdown

Principal
Interest

Remaining Loan Balance Over Time

500,000.00 Principal & Interest 6.00% p.a.
Remaining Loan Balance
Click bar to view year details
Year 1

Year 1 Breakdown

Principal

Starting Balance
$500,000.00
Ending Balance
$490,123.00
Principal Paid
$9,877.00
% of Loan
1.98%

Interest & Payments

Interest Charged
$29,876.00
Total Payments
$39,753.00
Monthly Average
$3,313.00
Interest Ratio
75.1%

Amortization Schedule

Year Principal Interest Total Paid Balance

Comparison Scenarios

Current Repayment $2,998.00
With 1% Higher Rate $3,220.00
With $50,000 Offset $2,798.00

A summary of your loan

Initial repayment Total interest charged Total repayments Loan term
Total Savings with Extra Repayments $0.00
Time Saved 0 years, 0 months