A $335,000 property in Australia with a 20% deposit ($67,000) at 6.30% has a principal-and-interest payment of about $1,658.85 per month over 30 years. Council rates and home insurance are additional.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $3,111 | $16,795 | $264,889 |
| 2 | $3,313 | $16,593 | $261,576 |
| 3 | $3,528 | $16,379 | $258,049 |
| 4 | $3,756 | $16,150 | $254,292 |
| 5 | $4,000 | $15,906 | $250,292 |
| 6 | $4,259 | $15,647 | $246,033 |
| 7 | $4,536 | $15,371 | $241,497 |
| 8 | $4,830 | $15,076 | $236,668 |
| 9 | $5,143 | $14,763 | $231,525 |
| 10 | $5,477 | $14,430 | $226,048 |
| 11 | $5,832 | $14,075 | $220,216 |
| 12 | $6,210 | $13,696 | $214,007 |
| 13 | $6,613 | $13,294 | $207,394 |
| 14 | $7,041 | $12,865 | $200,353 |
| 15 | $7,498 | $12,408 | $192,855 |
| 16 | $7,984 | $11,922 | $184,870 |
| 17 | $8,502 | $11,404 | $176,368 |
| 18 | $9,053 | $10,853 | $167,315 |
| 19 | $9,641 | $10,266 | $157,674 |
| 20 | $10,266 | $9,640 | $147,408 |
| 21 | $10,932 | $8,975 | $136,477 |
| 22 | $11,640 | $8,266 | $124,836 |
| 23 | $12,395 | $7,511 | $112,441 |
| 24 | $13,199 | $6,707 | $99,242 |
| 25 | $14,055 | $5,851 | $85,187 |
| 26 | $14,967 | $4,939 | $70,220 |
| 27 | $15,937 | $3,969 | $54,283 |
| 28 | $16,971 | $2,935 | $37,312 |
| 29 | $18,071 | $1,835 | $19,240 |
| 30 | $19,240 | $663 | $0 |
With a 20% deposit at 6.30%, principal and interest are about $1,658.85 per month. Australian home loans are commonly variable-rate (or fixed for 1–3 years) over a 30-year term, often with an offset account.
A 20% deposit is $67,000, which avoids mortgage insurance where it applies. In Australia, Lenders Mortgage Insurance (LMI) usually applies with less than a 20% deposit and varies by lender.
No — this is principal and interest. Add council rates, home insurance and any strata fees for your full monthly housing cost.
Sources: Reserve Bank of Australia; Standard amortization (annuity) formula.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.