AdSense 728 x 90 placeholder

🏦 Looking for the best home loan deal?

Our broker partners compare 75+ lenders — full market comparison, expert advice, no obligation.

Referral partnership · Australian credit licence
🏠

Mortgage Calculator

Calculate monthly mortgage repayments, LVR percentage, and savings from extra repayments.

LVRExtra Repayments
per month

About LVR

Loan to Value Ratio (LVR) above 80% usually requires Lenders Mortgage Insurance (LMI). Aim for a 20% deposit to avoid LMI.

AdSense 336 x 280 placeholder

About this tool

Calculate monthly mortgage repayments, LVR percentage, and savings from extra repayments. MyCalcTools calculators are designed for quick everyday estimates with clear inputs, instant results and no account required. Results are provided for general information and planning, not as professional financial, medical, legal or trade advice.

How to use it

  1. Enter the values requested in the calculator fields.
  2. Choose the option that best matches your situation, unit or goal.
  3. Press the calculate button and review the result summary.
  4. Adjust your inputs to compare different scenarios.

Common use cases

  • Checking a quick estimate before making a decision.
  • Comparing two or more everyday scenarios side by side.
  • Planning budgets, meals, projects, dates or personal routines.
  • Double-checking manual calculations with a simple online reference.

Related Tools

💰 Loan Calculator 🦘 AU Tax Calculator 🏘️ Rent Calculator

Frequently Asked Questions

LVR is your loan amount as a percentage of the property value. Above 80% usually requires Lenders Mortgage Insurance (LMI).

Extra repayments reduce your principal faster, saving significant interest over time. Even $200/month extra can save years off a 30-year mortgage.