Mortgage Repayments on $1 Million
The table below displays the repayments based on current interest rates for $1,000,000 variable home loans from our Online Partners.
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The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, see top of table for details.
Repayments on a $1 million home loan
With the current housing market in Australia, needing a million dollar home loan is no longer a rarity for both individual home buyers and investors.
The world economy and the Australian housing market are two volatile beasts that can be hard to predict, making it important to know whether a one million dollar home loan will put your finances under pressure.
The table above can lend you insight into the figures you may be working with when it comes to a million dollar home loan. Knowing your borrowing power and the details of your home loan is an important step to keeping your household finances on track. Below are some common questions regarding repayments and estimated values that may help you gain a better understanding of your financial situation.
Explore further→ What is the average new mortgage in Australia?
Taking on a home loan is a major financial decision. You may want to consider suitably qualified financial advice. Be sure to read all important documentation carefully, such as the Target Market Determination (TMD) and the Product Disclosure Statement (PDS), before signing any contracts. You can typically find these documents, as well as any other terms and conditions, on the lender’s website. Clarify any queries you may have with the potential lender.
Each lender will have its own assessment and eligibility criteria for loans, which may differ between borrowers.
Frequently Asked Questions about $1 million home loan repayments
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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.