Sunbound

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

Hotton

ball park figure about $800 per week give or take
but i guess someone will give a more accurate figure

Racht70

egghead4

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

sammyg

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

DownUnderPaddy

http://www.yourmortgage.com.au/calculators/repay_basic

Brisben

That was interest rates were at arond 7.50, now being in the nines I would suggest around 900 per week.

GinaUK

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

Nu-Shooz

I'm with Bankwest and we borrowed $270,000. We pay back $2,200 a month.

RCoight

Also Infochoice have some mortgage calculators:

http://www.infochoice.com.au

Ready reckoners get published in the Real estate supplements of most newspapers too.

Sunbound

Thanks guys , thats given us a good idea, and what we can budget to !!
Thanks

Hotton

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

Racht70

I thought 800 was bad enough!!!!!!!

daddyofthree

Surely the length of time you r borrowing and the type of morgage (affects interest rate!) you have requested are important.

longreach

Type of mortgage - YES
Length of time - Only for fixed reates