Full principal & interest schedule split by Australian financial year — print-ready for your accountant.
An amortisation schedule breaks every repayment into the part that pays interest and the part that reduces the balance. Early in a loan almost all of the payment is interest, because interest is charged on a large outstanding balance. As the balance falls, the split tilts towards principal. Seeing that curve laid out year by year explains why paying a little extra early has a far larger effect than the same amount paid late in the loan.
For investors and anyone claiming interest as a deduction, the interest figure needs to line up with the Australian financial year rather than the loan anniversary. A schedule split by financial year gives your accountant the interest total for each year without them having to reconstruct it from statements. Keep the output with your records at tax time.
The schedule is the clearest way to test a decision before you make it. Compare the balance at year five under your current term against a shorter term, or against making a modest extra repayment each month, and the difference in remaining debt is usually larger than people expect.
A calculator gives you a starting figure. What a lender will actually approve depends on your income, expenses, credit history and the property, and it varies between lenders. We compare more than 40 lenders on our panel and will tell you where you genuinely stand — see our home loan, refinancing and car loan services, or the suburb pages for Werribee, Tarneit and Point Cook.
It is a clear indicative schedule split by financial year. Your lender’s annual statement remains the authoritative record for tax purposes.
Interest is charged on the outstanding balance, which is at its highest at the start. As the balance falls, more of each payment goes to principal.
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