20 days ago
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Posted On: October 14th 2026, 07:42 pm
🏡 A $400,000 home loan could cost you nearly $900,000.
Most people focus on the purchase price, but what about the true cost of borrowing?
Here’s the breakdown at 6.25% p.a. over 30 years:
💰 Loan amount: $400,000
📅 Monthly repayments: $2,462.87
📈 Total interest: $486,633
🏦 Total repayments: $886,633
That’s more in interest than the amount you originally borrowed.
Understanding your mortgage is just as important as buying the right property.
💬 Did these numbers surprise you?
Figures assume a constant 6.25% rate, monthly principal-and-interest repayments, no extra repayments or offset, and exclude fees.
#BluechipProperty #PropertyInvestment #FinancialLiteracy #HomeLoans #AustralianProperty
Most people focus on the purchase price, but what about the true cost of borrowing?
Here’s the breakdown at 6.25% p.a. over 30 years:
💰 Loan amount: $400,000
📅 Monthly repayments: $2,462.87
📈 Total interest: $486,633
🏦 Total repayments: $886,633
That’s more in interest than the amount you originally borrowed.
Understanding your mortgage is just as important as buying the right property.
💬 Did these numbers surprise you?
Figures assume a constant 6.25% rate, monthly principal-and-interest repayments, no extra repayments or offset, and exclude fees.
#BluechipProperty #PropertyInvestment #FinancialLiteracy #HomeLoans #AustralianProperty
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