How much can I save?

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There are many grants and savings available to First Home Buyers at the moment.

 

If you want to purchase an existing home:

On a $180,000 two bedroom unit you could save $12,000

On a $360,000 three bedroom home you could save $32,000

 

 

Example 1 - On a $180,000 two bedroom unit you could save $12,000

2 Bedroom unit - pre owned  
No First Home Buyers  
Price $180,000
Add costs $3,000
Add stamp duty $5,127
Add lenders mortgage insurance $7,019
Total required to buy home $195,146
   
Deposit - 5% of price $9,000
Add costs $3,000
Add stamp duty $5,127
Add lenders mortgage insurance $7,019
Funds you need $24,146
   
With First Home Buyers  
Price $180,000
Add costs $3,000
Total required to buy home $183,000
   
Deposit - 5% of price $9,000
Costs $3,000
Funds you need $12,000
   
Final Loan Amount $171,000
Monthly repayments $650
Savings $12,146

 

Example 2 - On a $380,000 three bedroom home you could save $34,800

3 Bedroom house - pre owned  
No First Home Buyers  
Price $360,000
Add costs $3,000
Add stamp duty $14,215
Add lenders mortgage insurance $18,384
Total required to buy home $395,599
   
Deposit - 5% of price $18,000
Add costs $3,000
Add stamp duty $14,215
Add lenders mortgage insurance $18,384
Funds you need $53,599
   
With First Home Buyers  
Price $360,000
Add costs $3,000
Total required to buy home $363,000
   
Deposit - 5% of price $18,000
Costs $3,000
Funds you need $21,000
   
Final Loan Amount $342,000
Monthly repayments $1,300
Savings $32,599

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Nick Kirlew Darwin Mortgage Broker

Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.
Nicholas Kirlew is a credit representative (399996) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
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Contact Nick Kirlew on 0447 499 794.
Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.
2/6 Montoro Court Larrakeyah NT 0820

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