Australia mortgage calculator
Calculate Australian home loan repayments with Lenders Mortgage Insurance (LMI) estimates and weekly, fortnightly or monthly schedules.
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About this tool
Calculate Australian home loan repayments for principal and interest mortgages. Check repayments across weekly, fortnightly, and monthly schedules, and estimate Lenders Mortgage Insurance (LMI) if your deposit is under 20%.
How to use it
- 1 Enter the property price and your cash deposit amount.
- 2 Enter the annual interest rate (% p.a.) and loan term (25 or 30 years).
- 3 Choose weekly, fortnightly, or monthly repayment frequency.
Questions
Why pay an Australian mortgage fortnightly?
Paying half your monthly repayment every fortnight results in 26 half-payments per year (equal to 13 full months), shaving years and tens of thousands of dollars off your mortgage.
What is Lenders Mortgage Insurance (LMI)?
LMI protects the lender if you default on your home loan. It is typically required in Australia when borrowing more than 80% of the property value (deposit < 20%).
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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