Financed a home loan using two loans: Fixed rate of $400,000 at a rate of 2.64% (fixed for 3 years) & Variable rate of $
Posted: Thu May 05, 2022 7:56 am
Financed a home loan using two loans:
Fixed rate of $400,000 at a rate of 2.64% (fixed for 3 years)
&
Variable rate of $260,000 at a rate of 2.86%.
Both loans are for a period of 20 years and payments are made
fortnightly.
Calculate the repayment amounts and determine if consolidating
debt would help lower overall cost?
Fixed rate of $400,000 at a rate of 2.64% (fixed for 3 years)
&
Variable rate of $260,000 at a rate of 2.86%.
Both loans are for a period of 20 years and payments are made
fortnightly.
Calculate the repayment amounts and determine if consolidating
debt would help lower overall cost?