Your income and all extra expenses you have will set the benchmark for you to determine approximately how large of a loan you can comfortably afford to take out.
In most cases Start Finance can lend up to 105% of the value of the property with Lenders Mortgage Insurance.
The loan repayment table will help you calculate your average monthly repayment on the home of your choice.
LOAN
$
6.5%*
$
7.0%*
$
7.5%*
$
8.0%*
$
8.5%*
$
80,000
506
532
559
587
615
90,000
569
599
629
660
692
100,000
632
665
699
734
769
110,000
695
732
769
807
846
120,000
758
798
839
881
923
130,000
822
865
909
954
1000
140,000
885
931
979
1027
1076
150,000
948
998
1049
1101
1153
160,000
1011
1064
1119
1174
1230
170,000
1075
1131
1189
1247
1307
180,000
1138
1198
1259
1321
1384
190,000
1201
1264
1329
1394
1461
200,000
1264
1331
1398
1468
1538
210,000
1327
1397
1468
1541
1615
220,000
1391
1464
1538
1614
1692
230,000
1454
1530
1608
1688
1769
240,000
1517
1597
1678
1761
1845
250,000
1580
1663
1748
1834
1922
260,000
1643
1730
1818
1908
1999
270,000
1707
1796
1888
1981
2076
*Based on a 30 year loan with monthly repayments. Guide only
Warning: Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
