| You
can use the calculator below to determine what maximum amount
you can spend each month repaying a home loan. The calculator
checks your income and your spending. However, depending on
your circumstances lenders may not let you make repayments
this large. Only your chosen lender can set a definite
repayment. As well as checking you can make the required
repayments, you should also check that you can:
- Continue repayments if interest
rates rise, say, 2 per cent from today's level.
- Contribute a downpayment (money
from your own pocket) worth at least 10 per cent of the
property's value.
- Provide cash for fees such
as stamp duty and conveyancing.
Please
don't use commas, spaces or other non-numerical text in this
calculator.
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