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Mortgage Repayment Calculator - Debt Relief Australia

This mortgage calculator will calculate a mortgage's monthly repayment amount based on the:

  • principal amount borrowed
  • length of the loan
  • the annual interest rate

This calculator will also calculate your total mortgage repayment which will include your property tax, property insurance and PMI (Private Mortgage Insurance) payments.

Then, once you have calculated the monthly repayment, click on the "Create Amortisation Schedule" button to create a report you can print out.

  1. Mortgage loan amount The total amount you would be borrowing to purchase the home. $
  2. Annual interest rate (APR) The annual interest rate you expect to pay on this mortgage. You can enter the rate either as a percentage (8.25) or as a decimal (.0825), whichever you prefer. %
  3. Mortgage loan term The number of years you will be financing the home loan for. years
  4. Annual real estate taxes The annual property tax payment you expect to pay. As a rule of thumb, you can expect to pay 1.1% (home price X .011) of the purchase price per year. $
  5. Annual homeowners insurance The annual homeowner's insurance payment you expect to pay. As a rule of thumb, you can expect to pay 1.5% (home price X .015) of the purchase price per year. $
  6. Monthly PMI (Private Mortgage Insurance) The monthly Private Mortgage Insurance (PMI) you expect to pay. If your downpayment is less than 20% of the value of the home you are buying, you may be required to pay mortgage insurance of somewhere between 0.02% and 0.07% of your principal balance each month (e.g, principal balance X .00043). $
  1. Monthly Principal and Interest Payment
    This how much your monthly principal and interest payment will be.
  2. Monthly Taxes, Insurance and PMI payment
    This is the total of your other monthly payments (taxes, insurance & PMI).
  3. Total monthly mortgage payment
    This the total of all monthly payments related to your mortgage.
  4. If you would like to find out more about lowering your monthly repayments and what methods would be most appropriate in your situation then fill in the following form or call Debt Relief on 1300 781 034 and our staff will assist you.

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  1. Do you have a home loan?
  2. Do you have unsecured debts of $7,000 or greater?Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.
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  4. Have you been bankrupt in the last 13 years?
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You need to have over $7,000 in unsecured debt to apply.
For further assistance we recommend you:

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  • Call AFSA on 1300 364 795
  • Speak with a Financial Counsellor
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