A $940,000 property in Australia with a 20% deposit ($188,000) at 6.30% has a principal-and-interest payment of about $4,654.68 per month over 30 years. Council rates and home insurance are additional.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $8,729 | $47,127 | $743,271 |
| 2 | $9,295 | $46,561 | $733,975 |
| 3 | $9,898 | $45,958 | $724,077 |
| 4 | $10,540 | $45,316 | $713,537 |
| 5 | $11,224 | $44,632 | $702,313 |
| 6 | $11,952 | $43,905 | $690,361 |
| 7 | $12,727 | $43,129 | $677,635 |
| 8 | $13,552 | $42,304 | $664,082 |
| 9 | $14,431 | $41,425 | $649,652 |
| 10 | $15,367 | $40,489 | $634,285 |
| 11 | $16,363 | $39,493 | $617,921 |
| 12 | $17,425 | $38,432 | $600,497 |
| 13 | $18,555 | $37,302 | $581,942 |
| 14 | $19,758 | $36,098 | $562,184 |
| 15 | $21,039 | $34,817 | $541,145 |
| 16 | $22,404 | $33,453 | $518,742 |
| 17 | $23,856 | $32,000 | $494,885 |
| 18 | $25,404 | $30,453 | $469,482 |
| 19 | $27,051 | $28,805 | $442,431 |
| 20 | $28,805 | $27,051 | $413,625 |
| 21 | $30,673 | $25,183 | $382,952 |
| 22 | $32,663 | $23,194 | $350,289 |
| 23 | $34,781 | $21,075 | $315,508 |
| 24 | $37,036 | $18,820 | $278,472 |
| 25 | $39,438 | $16,418 | $239,034 |
| 26 | $41,996 | $13,860 | $197,038 |
| 27 | $44,719 | $11,137 | $152,318 |
| 28 | $47,620 | $8,237 | $104,699 |
| 29 | $50,708 | $5,148 | $53,991 |
| 30 | $53,991 | $1,860 | $0 |
With a 20% deposit at 6.30%, principal and interest are about $4,654.68 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 $188,000, 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.