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Monthly Mortgage repayment


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Poll: What do you pay per month for your mortgage

What do you pay per month for your mortgage

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#1 Erasing the digi footprint

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Posted 02 February 2006 - 09:59 PM

We were doing the BIG budget rehash this afternoon (ugh..head hurts) and it prompted a discussion on what an 'average' mortgage repayment was.


I think my darling husband is a tad out of touch with reality....


Can you please (anon if you like of course) give me an indication of what an 'average' repayment per month is?


Ps.. If you pay fortnightly- multiply by 26 then divide by 12
If you pay weekly- multipy by 52 then divide by 12


Thanks in advance smile.gif


#2 MrsH

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Posted 02 February 2006 - 10:09 PM

we pay less than $1500/month.
3 bedrooms, Melbourne, outer easterns subs, established area (so an "older" home)


#3 Busterella

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Posted 02 February 2006 - 10:17 PM

My hubby takes control of this so I really have no idea how much our repayments are a month. I could take a guess and say 600 a month which is about $1400 a month. But if I am wrong it is pretty close give or take a couple of hundred dollars either side.
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#4 Renee`

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Posted 02 February 2006 - 10:33 PM

Whoever is under the $1500 do u wannqa swap mortages?? tongue.gif
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#5 Anita

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Posted 02 February 2006 - 10:44 PM

We are planning for $500 per week - $2166 per month - but then we NEED a big house with our tribe! wink.gif

#6 ~BecD~

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Posted 02 February 2006 - 10:55 PM

We will be paying $303 a week, which is for a big 3x1 on a huge block... smile.gif

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#7 Kaygee

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Posted 03 February 2006 - 06:38 AM

We pay $2500pm for our 35yo 3brm 1bath house in Sydney's Hills district.It's a bit ouchy but on both our salaries we manage to save quite a lot (or at the moment - put quite a lot towards the wedding). We can *almost* do it on the FHs salary, so we'll be saving like mad after the wedding to try and build up a good safety net for when we TTC later this year.


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#8 MsGems

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Posted 03 February 2006 - 08:51 AM

$1989 per month, for 1.5 mortgages (dad pays the other half of our big house).

$1239 (our half of big house) for one.
$750 for the other.

OMG!! Look at how much money we could be saving if we only had one mortgage!!

Expensive mortgage is for 3-4 bedroom two-storey brick home with water glimpses on NSW South Coast.

Cheap mortgage is for 2 bedroom fibro house, no views, on NSW South Coast (next suburb over from big house).
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#9 Renee`

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Posted 03 February 2006 - 09:53 AM

Gemma the way i see it though is that you should hold on to it,i realise it would be a lot of saving butyou have an investment property which are very hard to get for some people..
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#10 Thelma

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Posted 03 February 2006 - 10:05 AM

We have just bought a house (Yay!) and haven't paid our first mortgage repayment yet. But ours will be $1200 per month. This is for a small 3 bedroom brick with a carport in a major country town 1.5 hours west of Brisbane.

I moved here from Brisbane to be with my hubby and one of the deciding factors in this was the fact that we knew we would be able to afford a house sooner if we lived here than Brisbane.

#11 BettyBoop

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Posted 03 February 2006 - 10:16 AM

We pay $2200 per month.

#12 Chr!st!ne

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Posted 03 February 2006 - 10:21 AM

Ours is about 850 per fortnight for 3 bedroom clad home in Sydneys west, damn economy!

#13 mrsm00kz

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Posted 03 February 2006 - 11:22 AM

We are paying $2500 a month on a $390k mortgage (or something like that)
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#14 ~MrsB~

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Posted 03 February 2006 - 01:04 PM

At our old house (hills district, NSW) our payments were $2700/month. We are currently renting for $1200/month, and once our building is completed at the Central Coast, NSW, our payments will be $1600/month.
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#15 Shellbee

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Posted 03 February 2006 - 01:06 PM

we pay $1700 for a $260k mortgage. of course, it's the strata fees that kill us!




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