Quote Originally Posted by stoploss View Post
Hi Beagle , the example you quote I believe is assuming Interest only . Most households will be on P&I. So the figures will be as follows . ( Still a good saving)
$ 400 K , I/O 4.5 % Weekly payment $ 346.15 :2.5 % : $ 192.31 saving $ 153.84
$ 400K , P&I 4.5 % weekly payment $ 467.39: 2.5 % : $ 364.53 saving $ 102.86
Its also about the confidence/mindset of the homeowner. house price is rising, payments are dropping, i cant go overseas...