Australian Mortgage Intelligence

Built for Australian Buyers daily-interest loans, offset accounts, state-by-state stamp duty, and LMI.

The math that matters, calculated instantly.

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Avg. rate: 6.25% Stress test: 9.25% Max term: 30 yr

APRA Stress Test

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9.25%Qualifying rate (contract 6.25% + 3%)

Standard

$3,697

@ 6.25% contract rate

Qualifying

$4,995

@ 9.25% stress test rate

Monthly impact

+$1,298/mo

Lenders require you to qualify at 9.25% (max of contract + 3% or the regulatory floor of 6%).

Passes APRA Stress Test

Australian Mortgage Tools

Everything you need to plan, calculate, and compare your mortgage, built for Australian rules.

Mortgage Calculator

Estimate repayments with daily interest, offset accounts, and LMI. Includes state-by-state stamp duty and First Home Owner Grant.

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Affordability Checker

HEM living expense analysis with APRA stress test. Know exactly how much a lender will approve based on your income and household type.

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Overpayment & Offset Simulator

See how extra repayments and an offset account reduce your term and save interest. No early repayment charges on variable loans.

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Rate Comparison

Compare Variable vs Fixed vs Split loan rates. Find the right balance between rate certainty and offset flexibility.

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Designed for Australian Homebuyers

PilotLend handles the Australian-specific rules so you don't have to think about them.

Daily Interest + Offset

Australian mortgages calculate interest daily. Our calculators model true daily interest and show exactly how an offset account reduces your total cost.

State-by-State Stamp Duty

Stamp duty varies by state (NSW, VIC, QLD, WA, SA, TAS, ACT, NT). We calculate the correct amount with first home buyer concessions and FHOG built in.

APRA Stress Test Ready

Lenders must assess your ability to repay at the higher of your contract rate + 3% or 6%. Our affordability checker uses the HEM benchmark like the banks do.

Australian Knowledge Base

Expert insights tailored to the Australian mortgage market.

First-Time Buyers

First Home Buyer Guide Australia 2026

Complete guide covering grants by state, the 5% deposit scheme, Help to Buy, stamp duty waivers, and your step-by-step checklist to buying your first home.

Interest Rates

Australian Mortgage Rates & Refinancing Guide

Compare current variable and fixed home loan rates, understand the comparison rate, and learn when and how to refinance your Australian mortgage.

Home Affordability

Australian Stamp Duty by State

Compare stamp duty across NSW, VIC, QLD, WA, SA, TAS, ACT, and NT. Includes first home buyer concessions and tables for every threshold band.

Frequently Asked Questions

Answers to common questions about Australian mortgages.

How does an offset account work?

An offset account is a transaction account linked to your home loan. The balance is subtracted from your loan principal when calculating daily interest. If you have a $500,000 loan and $20,000 in offset, you only pay interest on $480,000. The money is fully accessible anytime. The interest saved is effectively tax-free.

What is the LMI and when do I pay it?

Lenders Mortgage Insurance (LMI) is a one-off premium charged when your deposit is under 20% of the property value. It protects the lender, not you. The cost depends on your loan-to-value ratio and loan amount. For example, a $600,000 loan at 90% LVR typically attracts $10,000–$15,000 in LMI. The First Home Guarantee may allow you to avoid LMI with a 5% deposit.

What's the minimum deposit in Australia?

Most lenders require at least 5% of the property value as a deposit. With less than 20%, you'll need to pay LMI. Some government schemes like the First Home Guarantee let you buy with 5% deposit and no LMI (35,000 spots per year). First home buyers may also be eligible for the First Home Owner Grant of $10,000–$30,000 depending on your state.

What's the difference between variable and fixed rates in Australia?

A variable rate changes with the market — you benefit when rates fall and pay more when they rise. Variable loans come with offset accounts and no early repayment penalties. A fixed rate locks your rate for 1-5 years, giving payment certainty but limited extra repayments and break costs if you exit early. Many borrowers choose a split loan for both benefits.

What is the APRA stress test?

The Australian Prudential Regulation Authority requires lenders to assess your ability to repay at a higher rate than your actual rate — currently the greater of your contract rate + 3% or 6%. Lenders also use the Household Expenditure Measure (HEM) to estimate your living expenses. This means you may be approved for less than the headline borrowing power suggests.

Is PilotLend free to use?

Yes. All our calculators and comparison tools are completely free. No account required, no tracking, no hidden fees. We believe Australian homebuyers deserve straightforward access to mortgage math.

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