Using your current rental payments, you could be paying off an estimated loan of:
$244,953
With a 20 % deposit of
$0,
your total buying power could be
$0
This calculator is designed to give you an estimate of what size loan your rental payments may be able to service, using the interest rate and loan term you have selected in the calculator. It is not an indication of your borrowing power and has not taken into account factors that would be considered in a credit assessment if you apply for a home loan. The results do not constitute any agreement by any lender to provide credit. Initial calculations are based on average rent for a 2 bedroom apartment in Australia of $650 per week at 5.80% for 30 years, paying principle and interest.
