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Are you looking to calculate and compare repayments on a $1,000,000 Mortgage? See our current interest rates and monthly repayments below.
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Last updated 17 Sep, 2024
Compare Repayments on $1,000,000 Mortgages
See the below examples of some common $1,000,000 home loans to understand how your interest rate can affect your mortgage repayments:
- A 30 year mortgage at 5.79% should cost you $5,861.16 principal and interest repayments per month, with $2,110,018.98 in total interest charged.
- A 30 year mortgage at 6.29% should cost you $6,183.21 principal and interest repayments per month, with $2,225,955.90in total interest charged.
- A 30 year mortgage at 6.79% should cost you $6,512.59 principal and interest repayments per month, with $2,344,533.17 in total interest charged.
Don’t see your interest rate here? Use our home loan repayments calculator below to see what your repayments and total interest could be.
$1,000,000 Home Loan Repayment Calculator
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The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.
Table of $1,000,000 Mortgage Monthly Repayments
10 Years | 15 Years | 20 Years | 25 Years | 30 Years | |
5.79% | $ 10,996.89 | $ 8,325.54 | $ 7,043.69 | $ 6,315.26 | $5,861.16 |
6.00% | $ 11,102.05 | $8,438.57 | $ 7,164.31 | $ 6,443.01 | $5,995.51 |
6.50% | $ 11,354.80 | $ 8,711.07 | $ 7,455.73 | $ 6,752.07 | $6,320.68 |
7.00% | $ 11,610.85 | $8,988.28 | $ 7,752.99 | $7,067.79 | $6,653.02 |
7.50% | $ 11,870.18 | $ 9,270.12 | $8,055.93 | $ 7,389.91 | $6,992.15 |
8.00% | $ 12,132.76 | $ 9,556.52 | $ 8,364.40 | $ 7,718.16 | $7,337.65 |
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