|
This
table is an approximation of how much you can
borrow. Different lenders will provide different maximum borrowing
levels. In addition, any other existing loans or debts you
may have will reduce your maximum borrow levels.
Please
contact
Mortgage Australia for a more accurate figure of how much
you can borrow.
|
| Annual
Income (Gross) |
Maximum
Amount |
Maximum Monthly Payment at 7% over 30 years |
| $30,000
|
$129,300 |
$862 |
| $35,000
|
$134,200
|
$895 |
| $40,000
|
$149,100
|
$994 |
| $45,000
|
$164,000 |
$1,094 |
| $50,000
|
$178,900 |
$1,193 |
| $55,000
|
$195,800 |
$1,306 |
| $60,000
|
$218,700 |
$1,458 |
| $65,000
|
$233,800 |
$1,559 |
| $70,000
|
$258,800 |
$1,725 |
| $75,000
|
$283,400 |
$1,889 |
| $80,000
|
$308,300 |
$2,055 |
| $85,000
|
$323,200
|
$2,154 |
| $90,000
|
$368,100 |
$2,454 |
| $95,000
|
$383,000 |
$2,553 |
| $100,000
|
$397,800 |
$2,652 |
| $110,000
|
$427,700 |
$2,851 |
| $120,000
|
$457,500 |
$3,050 |
| $130,000
|
$487,600 |
$3,250 |
| $140,000
|
$517,300 |
$3,449 |
| $150,000
|
$546,600 |
$3,644 |
| $160,000
|
$576,600 |
$3,844 |
| $170,000
|
$606,400 |
$4,043 |
| $180,000
|
$636,200 |
$4,241 |
| $190,000
|
$665,900 |
$4,439 |
| $200,000
|
$695,800 |
$4,636 |
| $250,000
|
$844,700 |
$5,631 |
| $300,000
|
$1,193,600 |
$7,957 |
| $350,000
|
$1,342,500 |
$8,950 |
| $400,000
|
$1,691,600 |
$11,277 |
| $450,000
|
$1,940,500 |
$12,936 |
| $500,000
|
$2,289,400 |
$15,262 |
| * - 7% is given
as a general figure to give you an idea of repayments
if interest rates were at this level. |
Note: This table should be used as an indication only. Results
do not represent either quotes or pre-qualifications for a
loan. Individual institutions apply different lending criteria
and it is advised that you consult your financial adviser
before taking out a loan.
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