Hey,
Just wondering what deposit other people paid on houses for around 350000. And once you paid your deposit and moved into your house what your weekly repayments are.
Thank you
House deposit and repayments
House deposit and repayments
Posted in:
Money
2 Replies
Depends on the bank but between 5/10% deposit plus lenders mortgage insurance and stamp duty on top. Our house is 330k we pay $872 a fortnight with Members equity this is the minimum repayment.
We are about to sell our first home and upgrade and we are now looking at around 80k to change over lost money but the new house withh be 480k :(
Our house was 365K. We had a deposit of 45K + 15K first home owners grant (as we built in QLD), so 60K all up. We owe 300K and we pay $400 a week. Weekly payments will pay your house off quicker, as they're a little more. It's cheaper monthly... but not by that much. I also transfer an extra $50 a week to try pay it off that little bit quicker.