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How much is your home worth (estimate)?
$500,000
$10,000,000
How much do you owe on your mortgage (existing or intended, excluding offset)?
$0
$800,000
How much would you like to borrow from Midkey?
$100,000
$300,000
In how many years do you expect to repay your Midkey loan?
1 years
30 years
Estimate how much your home value will change (during your Midkey loan)
-20 %
100 %
Simple interest rate on your Midkey loan (currently 7.6% p.a.)
3%
10%
| Property value | End of Midkey loan outcome |
|---|---|
| Your property value at start of Midkey loan | $ |
| The Agreed Initial Value (after 5% discount)1 | $ |
| Your property value at end of Midkey loan | $ |
| Change in your property value (during Midkey loan) | $ |
| What you will owe Midkey | |
| Amount we lent you (at the start) | $ |
| Interest payable at end of Midkey loan2 | $ |
| Midkey Deferral Fee3 | $ |
| Total you owe to Midkey4 | $ |
| Yearly cost of your Midkey loan4 | % |
| Your home equity (remaining value) | |
| Remaining balance on your 1st mortgage5 home loan | $ |
| Your remaining home equity6 (estimate) | $ |
