How Much Are My Repayments?

This is often the very first step people take to work out how much they feel comfortable borrowing. It is also one of the most commonly asked questions we receive.

While the banks will dig further into your monthly spending habits and add additional buffers to make sure you can afford it without struggling this is a brilliant place to start. If you're looking to purchase or just wondering how much you could save by refinancing then check out our repayment table below to give you an estimate.

Did you know the average variable basic home loan rate most Australians are currently paying is *3.94%. That's potentially a massive 1.75% more than the leading rate for a basic home loan package! On a $400,000 loan over 25 years this is the difference of $365 per month or $4,380 per year in payments. If you used the extra savings to make overpayments on your mortgage this would reduce your mortgage term by over 5 years!

If you want to find out a more accurate figure then contact us today and we would be happy to help.

e: info@lendd.com.au

p: 1300 053 633

w: www.lendd.com.au

WARNING: The contents of this communication is not designed to replace credit advice. We have not taken into account your needs, objectives, or financial situation.

*Rates are averages taken from all comparable loans in Finder's database, which covers a large portion of the Australian mortgage market, and from users of the Finder app.