monthly morgage payment on $400,000
#1
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Joined: Feb 2008
Location: Gold Coast, Qld
Posts: 334
monthly morgage payment on $400,000
Can anyone give me an idea how much the monthly repayments are on a borrowed amount of about $ Au 400,000 ? I know it depends on the term say the average of 30 years? Just trying to see what we could manage?
Thanks Sunbound
Thanks Sunbound
#2
Re: monthly morgage payment on $400,000
ball park figure about $800 per week give or take
but i guess someone will give a more accurate figure
but i guess someone will give a more accurate figure
#4
egghead4+becky
Joined: Jul 2006
Location: was newport now sunny Bundy
Posts: 797
Re: monthly morgage payment on $400,000
you could try going on a site like realestate.com.au and using their mortgage calculator, they give you an idea of what the payments would be. you may have to have a look at the rates though, as with any new mortgages different companies have different deals.
bec
bec
#5
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Joined: Aug 2005
Posts: 2,322
Re: monthly morgage payment on $400,000
Just go onto westpac.com.au, click on home loans, then calculators. That will give you a good idea as all the big banks fix their prices between them and interest rates don't vary much between them
#8
Re: monthly morgage payment on $400,000
$400,000 at 8.6% (their current variable rate) over 30 years:
- weekly: $715.90
- fortnightly: $1,432.05
- monthly: $3,104.05
Link: http://www.bankwest.com.au/library/h...oan_Repayment/
Don't forget that you may want to add insurance in case you die, are sick, or lose your job. Depending on the level of cover you want that could add another $200 per month.
Gina
#9
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Joined: Jun 2007
Posts: 8,913
Re: monthly morgage payment on $400,000
Bankwest's mortgage payment calculator says:
$400,000 at 8.6% (their current variable rate) over 30 years:
- weekly: $715.90
- fortnightly: $1,432.05
- monthly: $3,104.05
Link: http://www.bankwest.com.au/library/h...oan_Repayment/
Don't forget that you may want to add insurance in case you die, are sick, or lose your job. Depending on the level of cover you want that could add another $200 per month.
Gina
$400,000 at 8.6% (their current variable rate) over 30 years:
- weekly: $715.90
- fortnightly: $1,432.05
- monthly: $3,104.05
Link: http://www.bankwest.com.au/library/h...oan_Repayment/
Don't forget that you may want to add insurance in case you die, are sick, or lose your job. Depending on the level of cover you want that could add another $200 per month.
Gina
#10
Re: monthly morgage payment on $400,000
Also Infochoice have some mortgage calculators:
http://www.infochoice.com.au
Ready reckoners get published in the Real estate supplements of most newspapers too.
http://www.infochoice.com.au
Ready reckoners get published in the Real estate supplements of most newspapers too.
#11
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Location: Gold Coast, Qld
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Re: monthly morgage payment on $400,000
Thanks guys , thats given us a good idea, and what we can budget to !!
Thanks
Thanks
#14
Re: monthly morgage payment on $400,000
Surely the length of time you r borrowing and the type of morgage (affects interest rate!) you have requested are important.