for every 100k you borrow, the monthly repayment is:
Rate\Years 15yr 20yr 25yr 30yr
7.00% $899 $775 $707 $665
7.50% $927 $806 $739 $699
8.00% $956 $836 $772 $734
8.50% $985 $868 $805 $769
thus for 220k the repayment should be:
Rate\Years 15yr 20yr 25yr 30yr
7.00% $1,977 $1,706 $1,555 $1,464
7.50% $2,039 $1,772 $1,626 $1,538
8.00% $2,102 $1,840 $1,698 $1,614
8.50% $2,166 $1,909 $1,771 $1,692
Attached is a repayment calculator
http://www.smh.com.au/business/m ... oan_repayments.html |