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At the current average variable rate of 6.22%, monthly repayments on a $750,000 home loan are:30-year term: $4,750/month (P&I)25-year term: $5,073/month (P&I)Interest-only: $4,075/month
| Term | Monthly P&I | Monthly Interest-Only |
|---|---|---|
| 30 years | $4,750/mo | $4,075/mo |
| 25 years | $5,073/mo | — |
Based on average variable rate. Use our mortgage repayment calculator for an exact figure at your rate.
Typically $120,000–$145,000 gross income for a single applicant, or combined $120,000+ for joint applicants, depending on expenses and existing debts.
With a 10% deposit (90% LVR), LMI on a $750,000 loan is approximately $18,000–$26,000. At 15% deposit (85% LVR), it drops to around $6,000–$9,000.
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