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At the current average variable rate of 6.47%, monthly repayments on a $1,300,000 home loan are:30-year term: $8,191/month (P&I)25-year term: $8,758/month (P&I)Interest-only: $7,010/monthOver 30 years at 6.47%, total interest is approximately $1,648,760.
| Term | Monthly P&I | Monthly Interest-Only |
|---|---|---|
| 30 years | $8,191/mo | $7,010/mo |
| 25 years | $8,758/mo | - |
Based on average variable rate. Use our mortgage repayment calculator for an exact figure at your rate.
Typically $205,000–$250,000 gross for a single applicant with minimal debts. Joint buyers with combined income of $200,000+ can generally access this borrowing level.
Yes - many lenders offer professional packages or relationship discounts for loans above $750K or $1M. A mortgage broker can negotiate these rates.
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