Mortgage Calculator
Calculate your estimated monthly mortgage repayments based on property price, deposit, and interest rate. Plan your Perth property purchase with confidence.
This calculator provides estimates for informational purposes only. Actual rates and payments may vary based on credit score, lender requirements, and other factors. Consult a licensed mortgage professional for accurate quotes.
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How the Mortgage Calculator Works
Our mortgage calculator uses the standard amortization formula to estimate your monthly repayments. Here's what each input means:
Property Price
The total purchase price of the property you're considering. This should include the price you'll pay at settlement.
Deposit
The amount you'll pay upfront. In Australia, a deposit of at least 20% helps you avoid Lenders Mortgage Insurance (LMI). However, many lenders accept deposits as low as 5-10% for eligible borrowers.
Interest Rate
The annual interest rate for your home loan. Current variable rates in Australia typically range from 5.5% to 7.5%, depending on your lender and loan type. Fixed rates may differ.
Loan Term
The length of time you'll take to repay the loan. Most Australian home loans are for 25 or 30 years. A longer term means lower monthly payments but more total interest paid.
Understanding Your Results
- Monthly Repayment: Your estimated monthly payment (principal + interest)
- Loan Amount: The total amount you're borrowing (property price minus deposit)
- Total Interest: The total interest you'll pay over the life of the loan
- Total Cost: The complete cost including deposit, principal, and all interest
Important: This calculator provides estimates only. Actual repayments may vary based on your specific loan terms, lender fees, and any changes to interest rates. Always get a formal quote from your lender.
How a Buyers Agent Can Help
Complete Buying Service
End-to-end support from property search to settlement. We find properties within your budget.
Negotiation Service
Our average client saves $32,000 through expert price negotiation.
First Home Buyer Help
Guidance on grants, stamp duty concessions, and avoiding first-timer mistakes.
Need Help With Your Property Search?
Our expert buyers agents have access to off-market properties and can help you secure your perfect Perth home within your budget.