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Price of your house, amount you borrowed, what you had towards a deposit, and what type repayments are weekly/monthly
Answered 4 years ago
Price of your house, amount you borrowed, what you had towards a deposit, and what type repayments are weekly/monthly etc
Just out of interest, hopefully will be buying this year, fingers crossed
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ANSWER
4 years ago
Try some online mortgage calculators.
The info you're after varies greatly, whether it's city, regional or rural & when the property was bought.
The info you're after varies greatly, whether it's city, regional or rural & when the property was bought.
ANSWER
4 years ago
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REPLY
4 years ago
I have toast 😊
REPLY
4 years ago
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REPLY
4 years ago
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REPLY
4 years ago
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ANSWER
4 years ago
We built our house 2 years ago
Mortgage $420k
Deposit $20k
Weekly minimum repayments $380
We pay $890 a week though
Because our deposit was pitiful we paid lenders insurance of around 15k.
Mortgage $420k
Deposit $20k
Weekly minimum repayments $380
We pay $890 a week though
Because our deposit was pitiful we paid lenders insurance of around 15k.
ANSWER
4 years ago
$499k for the house
$200k deposit
$310k mortgage ($280 left)
$350 a week.
$200k deposit
$310k mortgage ($280 left)
$350 a week.
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REPLY
4 years ago
Thanks. This is helpful. I'm paying $360 /wk in rent, so that tells me I could pay maybe a $330 to $340ik mortgage.
REPLY
4 years ago
This is a 30year mortgage
We often pay $400 a week for it to knock it out faster
We often pay $400 a week for it to knock it out faster
ANSWER
4 years ago
Congratulations! Buying a house is a wonderful achievement. I cannot help you with any figures, but we do have a great article on purchasing your first home.
https://www.stayathomemum.com.au/my-money/mortgages/are-you-ready-to-buy-a-house/
https://www.stayathomemum.com.au/my-money/mortgages/are-you-ready-to-buy-a-house/