Loan Repayment Reckoner
For reference, the table below gives a good indication of monthly repayments at a range of interest rates. Use it to help work out what level of loan you can afford.
Please note that this is a guide only. Actual amounts will vary slightly based on the interest rate and the type of loan you require. The figures below are based on principal and interest repayments over a thirty year term. Please contact us if you would like a more specific quote.
| Amount/Rate | 4.50% | 5.00% | 5.50% | 6.00% | 6.50% | 7.00% | 8.00% | 9.00% |
|---|---|---|---|---|---|---|---|---|
| $50,000 | $253 | $268 | $284 | $300 | $316 | $333 | $367 | $402 |
| $75,000 | $380 | $403 | $426 | $450 | $474 | $499 | $550 | $603 |
| $100,000 | $507 | $537 | $568 | $600 | $632 | $665 | $734 | $805 |
| $125,000 | $633 | $671 | $710 | $749 | $790 | $832 | $917 | $1,006 |
| $150,000 | $760 | $805 | $852 | $899 | $948 | $998 | $1,101 | $1,207 |
| $175,000 | $887 | $939 | $994 | $1,049 | $1,106 | $1,164 | $1,284 | $1,408 |
| $200,000 | $1,013 | $1,074 | $1,136 | $1,199 | $1,264 | $1,331 | $1,468 | $1,609 |
| $250,000 | $1,267 | $1,342 | $1,419 | $1,499 | $1,580 | $1,663 | $1,834 | $2,012 |
| $300,000 | $1,520 | $1,610 | $1,703 | $1,799 | $1,896 | $1,996 | $2,201 | $2,414 |
| $350,000 | $1,773 | $1,879 | $1,987 | $2,098 | $2,212 | $2,329 | $2,568 | $2,816 |
| $400,000 | $2,027 | $2,147 | $2,271 | $2,398 | $2,528 | $2,661 | $2,935 | $3,218 |
| $450,000 | $2,280 | $2,416 | $2,555 | $2,698 | $2,844 | $2,994 | $3,302 | $3,621 |
| $500,000 | $2,553 | $2,684 | $2,839 | $2,998 | $3,160 | $3,327 | $3,669 | $4,023 |
What interest rate can Premier Home Loans SA offer you?
Premier Home Loans SA has access to the best possible rates in Australia. We will act on your behalf to get you the best possible deal.
The actual interest rate that lenders will offer will be influenced by their perception of the risk involved. If you have an exemplary credit rating and only want to borrow say 70% of the value of your house, then you will get the lowest rates available. On the other hand if your credit rating has a few "bumps" or you need to borrow 100% of house valuation, the lender will consider this a higher risk and may not offer you their lowest rate.