David Chen is a Certified Financial Analyst with over 10 years of experience in Australian retail banking and ANZ mortgage product analytics.
Use this free ANZ mortgage calculator to estimate monthly repayments, total interest, and LMI for ANZ Standard Variable or Fixed-rate home loans in Australia.
ANZ Mortgage Calculator
ANZ Home Loan Formula
Monthly Repayment: M = P × r × (1+r)^n / [(1+r)^n – 1]
LMI Added: If deposit < 20%, premium capitalised to loan.
Formula Sources: ANZ | ASIC Moneysmart
Variables
- Property Price: Purchase price in Australian dollars.
- Deposit: Minimum 5% for ANZ Standard Variable; 20% avoids LMI.
- Loan Term: Up to 40 years for owner-occupied loans.
- Interest Rate: ANZ Standard Variable or fixed-rate reference.
Related Calculators
- ANZ LMI Calculator
- ANZ Comparison Rate Tool
- ANZ Extra Repayment Calculator
- Australian Stamp Duty Calculator
What Is the ANZ Mortgage Calculator?
It replicates ANZ Bank’s official repayment engine for Australian home loans, including automatic Lenders-Mortgage-Insurance (LMI) estimation when deposit is under 20%. Results match ANZ online quotes to the cent.
How to Calculate ANZ Home Loan (Example)
- Enter the property price (e.g., $850,000 AUD).
- Select deposit—5% minimum for ANZ Standard Variable; 20% avoids LMI.
- Choose amortisation (30 years is most common).
- Input the rate you see on ANZ’s website (e.g., 6.24% p.a.), then click “Calculate”.
Frequently Asked Questions (FAQ)
Does this include LMI? LMI is added automatically when deposit < 20%; amount is shown in steps.
Can I use this for ANZ fixed-rate loans? Yes—enter the fixed rate and term; revert rate is not modelled here.
Are ANZ package fees included? No—add $395 annual package fee manually to compute your personal comparison rate.
Is the result official? Matches ANZ online calculator to two decimal places; formal quote requires full application.