Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

monthly morgage payment on $400,000

monthly morgage payment on $400,000

Old Jul 30th 2008, 5:09 pm
  #1  
BE Enthusiast
Thread Starter
 
Joined: Feb 2008
Location: Gold Coast, Qld
Posts: 334
Sunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to all
Default 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
Sunbound is offline  
Old Jul 30th 2008, 5:58 pm
  #2  
Forum Regular
 
Hotton's Avatar
 
Joined: Apr 2008
Posts: 158
Hotton has a spectacular aura aboutHotton has a spectacular aura aboutHotton has a spectacular aura about
Default 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
Hotton is offline  
Old Jul 30th 2008, 6:36 pm
  #3  
OH is STILL undecided grr
 
Racht70's Avatar
 
Joined: Feb 2007
Location: UK.... for now!
Posts: 913
Racht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond repute
Default Re: monthly morgage payment on $400,000

Originally Posted by Hotton View Post
ball park figure about $800 per week give or take
but i guess someone will give a more accurate figure
Racht70 is offline  
Old Jul 30th 2008, 6:37 pm
  #4  
egghead4+becky
 
Joined: Jul 2006
Location: was newport now sunny Bundy
Posts: 797
egghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud ofegghead4 has much to be proud of
Default 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
egghead4 is offline  
Old Jul 30th 2008, 6:54 pm
  #5  
BE Forum Addict
 
Joined: Aug 2005
Posts: 2,322
sammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond reputesammyg has a reputation beyond repute
Default 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
sammyg is offline  
Old Jul 30th 2008, 10:08 pm
  #6  
Melbourne - NE suburbs
 
DownUnderPaddy's Avatar
 
Joined: Jun 2008
Posts: 1,032
DownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond reputeDownUnderPaddy has a reputation beyond repute
Default Re: monthly morgage payment on $400,000

Originally Posted by Sunbound View Post
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
http://www.yourmortgage.com.au/calculators/repay_basic
Attached Thumbnails monthly morgage payment on 0,000-6-07-2008-9.56.33-am31-07-2008-7.07.23-am.png  
DownUnderPaddy is offline  
Old Jul 31st 2008, 2:51 am
  #7  
Born to be wild....
 
Brisben's Avatar
 
Joined: Mar 2005
Location: Northants to Brisbane.
Posts: 5,450
Brisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond reputeBrisben has a reputation beyond repute
Default Re: monthly morgage payment on $400,000

Originally Posted by Hotton View Post
ball park figure about $800 per week give or take
but i guess someone will give a more accurate figure
That was interest rates were at arond 7.50, now being in the nines I would suggest around 900 per week.
Brisben is offline  
Old Jul 31st 2008, 2:57 am
  #8  
Banned
 
GinaUK's Avatar
 
Joined: Dec 2004
Location: Tapping (Perth)
Posts: 2,619
GinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond repute
Default Re: monthly morgage payment on $400,000

Originally Posted by Brisben View Post
That was interest rates were at arond 7.50, now being in the nines I would suggest around 900 per week.
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
GinaUK is offline  
Old Jul 31st 2008, 3:21 am
  #9  
Account Closed
 
Joined: Jun 2007
Posts: 8,913
Nu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really nice
Default Re: monthly morgage payment on $400,000

Originally Posted by GinaUK View Post
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
I'm with Bankwest and we borrowed $270,000. We pay back $2,200 a month.
Nu-Shooz is offline  
Old Jul 31st 2008, 10:42 am
  #10  
BE Enthusiast
 
RCoight's Avatar
 
Joined: Feb 2007
Posts: 340
RCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud ofRCoight has much to be proud of
Default 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.
RCoight is offline  
Old Jul 31st 2008, 6:06 pm
  #11  
BE Enthusiast
Thread Starter
 
Joined: Feb 2008
Location: Gold Coast, Qld
Posts: 334
Sunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to allSunbound is a name known to all
Default Re: monthly morgage payment on $400,000

Thanks guys , thats given us a good idea, and what we can budget to !!
Thanks
Sunbound is offline  
Old Jul 31st 2008, 6:36 pm
  #12  
Forum Regular
 
Hotton's Avatar
 
Joined: Apr 2008
Posts: 158
Hotton has a spectacular aura aboutHotton has a spectacular aura aboutHotton has a spectacular aura about
Default Re: monthly morgage payment on $400,000

Originally Posted by Brisben View Post
That was interest rates were at arond 7.50, now being in the nines I would suggest around 900 per week.

Out of all the replys i think your miles out
if you try westpac its an average of 740 not inclusive of
insurance Speak to your lender
Hotton is offline  
Old Jul 31st 2008, 8:35 pm
  #13  
OH is STILL undecided grr
 
Racht70's Avatar
 
Joined: Feb 2007
Location: UK.... for now!
Posts: 913
Racht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond reputeRacht70 has a reputation beyond repute
Default Re: monthly morgage payment on $400,000

Originally Posted by Brisben View Post
That was interest rates were at arond 7.50, now being in the nines I would suggest around 900 per week.

I thought 800 was bad enough!!!!!!!
Racht70 is offline  
Old Jul 31st 2008, 10:16 pm
  #14  
Forum Regular
 
daddyofthree's Avatar
 
Joined: May 2008
Posts: 253
daddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to alldaddyofthree is a name known to all
Default 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.
daddyofthree is offline  
Old Aug 1st 2008, 1:33 am
  #15  
BE Enthusiast
 
longreach's Avatar
 
Joined: Apr 2005
Location: Gold Coast
Posts: 493
longreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud oflongreach has much to be proud of
Default Re: monthly morgage payment on $400,000

Originally Posted by daddyofthree View Post
Surely the length of time you r borrowing and the type of morgage (affects interest rate!) you have requested are important.
Type of mortgage - YES
Length of time - Only for fixed reates
longreach is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.