Itqualityassurance
- How much can I borrow on 80k salary?
- How does Westpac calculate interest?
- What are the monthly repayments on a 500k mortgage?
How much can I borrow on 80k salary?
On an annual income of $80,000 after-tax, a lender may offer you a mortgage of $1.75 million. This assumes that the applicant's credit score is at least average. It also assumes that there are no outstanding debts owed. The applicant's expenses are also zero.
How does Westpac calculate interest?
Interest for Westpac Life is calculated daily as follows: Daily closing balance x (interest rate/365). Westpac Life base and bonus interest will be credited to your account on the last business day of the month.
What are the monthly repayments on a 500k mortgage?
Compare Repayments on $500,000 Mortgages
A 30 year mortgage at 1.84% should cost you $1,808 principal and interest repayments per month, with $151,005 in total interest. A 30 year mortgage at 2.32% should cost you $1,929 principal and interest repayments per month, with $194,387 in total interest.
