A $840,000 property in Australia with a 20% deposit ($168,000) at 6.30% has a principal-and-interest payment of about $4,159.50 per month over 30 years. Council rates and home insurance are additional.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $7,801 | $42,113 | $664,199 |
| 2 | $8,307 | $41,607 | $655,893 |
| 3 | $8,845 | $41,069 | $647,047 |
| 4 | $9,419 | $40,495 | $637,629 |
| 5 | $10,030 | $39,884 | $627,599 |
| 6 | $10,680 | $39,234 | $616,919 |
| 7 | $11,373 | $38,541 | $605,546 |
| 8 | $12,110 | $37,804 | $593,436 |
| 9 | $12,896 | $37,018 | $580,540 |
| 10 | $13,732 | $36,182 | $566,808 |
| 11 | $14,623 | $35,291 | $552,185 |
| 12 | $15,571 | $34,343 | $536,614 |
| 13 | $16,581 | $33,333 | $520,034 |
| 14 | $17,656 | $32,258 | $502,378 |
| 15 | $18,801 | $31,113 | $483,577 |
| 16 | $20,020 | $29,894 | $463,557 |
| 17 | $21,319 | $28,595 | $442,238 |
| 18 | $22,701 | $27,213 | $419,537 |
| 19 | $24,173 | $25,741 | $395,364 |
| 20 | $25,741 | $24,173 | $369,623 |
| 21 | $27,410 | $22,504 | $342,213 |
| 22 | $29,188 | $20,726 | $313,025 |
| 23 | $31,081 | $18,833 | $281,944 |
| 24 | $33,096 | $16,818 | $248,848 |
| 25 | $35,243 | $14,671 | $213,605 |
| 26 | $37,528 | $12,386 | $176,077 |
| 27 | $39,962 | $9,952 | $136,115 |
| 28 | $42,554 | $7,360 | $93,562 |
| 29 | $45,313 | $4,601 | $48,249 |
| 30 | $48,249 | $1,662 | $0 |
With a 20% deposit at 6.30%, principal and interest are about $4,159.50 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 $168,000, 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.