A $820,000 mortgage in Australia at 6.30% costs about $5,075.58 per month for principal and interest over 30 years. In Australia, Lenders Mortgage Insurance (LMI) usually applies with less than a 20% deposit and varies by lender.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $9,519 | $51,388 | $810,481 |
| 2 | $10,136 | $50,771 | $800,345 |
| 3 | $10,793 | $50,114 | $789,552 |
| 4 | $11,493 | $49,414 | $778,059 |
| 5 | $12,239 | $48,668 | $765,820 |
| 6 | $13,032 | $47,875 | $752,788 |
| 7 | $13,878 | $47,029 | $738,910 |
| 8 | $14,777 | $46,129 | $724,133 |
| 9 | $15,736 | $45,171 | $708,397 |
| 10 | $16,756 | $44,151 | $691,641 |
| 11 | $17,843 | $43,064 | $673,798 |
| 12 | $19,000 | $41,907 | $654,798 |
| 13 | $20,232 | $40,675 | $634,565 |
| 14 | $21,544 | $39,363 | $613,021 |
| 15 | $22,942 | $37,965 | $590,079 |
| 16 | $24,429 | $36,478 | $565,650 |
| 17 | $26,014 | $34,893 | $539,636 |
| 18 | $27,701 | $33,206 | $511,936 |
| 19 | $29,497 | $31,410 | $482,439 |
| 20 | $31,410 | $29,497 | $451,029 |
| 21 | $33,447 | $27,460 | $417,582 |
| 22 | $35,616 | $25,291 | $381,966 |
| 23 | $37,926 | $22,981 | $344,040 |
| 24 | $40,385 | $20,522 | $303,654 |
| 25 | $43,004 | $17,903 | $260,650 |
| 26 | $45,793 | $15,114 | $214,857 |
| 27 | $48,763 | $12,144 | $166,094 |
| 28 | $51,925 | $8,982 | $114,168 |
| 29 | $55,293 | $5,614 | $58,875 |
| 30 | $58,875 | $2,028 | $0 |
At 6.30% over 30 years, the principal-and-interest payment on a $820,000 mortgage is about $5,075.58 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.
No — this is principal and interest only. Council rates and home insurance are paid separately on top. In Australia, Lenders Mortgage Insurance (LMI) usually applies with less than a 20% deposit and varies by lender.
Over the full 30-year term at 6.30%, total interest on a $820,000 mortgage is roughly $1,007,209. Overpaying reduces this substantially.
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.