Repay Teresa's Parents — Fast
1A Glen Valley Road, Forest Hill 3131 · Townhouse · Equity-based repayment strategy
How does this happen?
Calculating…
Net Home Equity Today
$201k
Property $1.05M − Westpac $849k
Parent Debt
$400k
Mum $200k · Dad $200k
Starting Surplus / mo
—
After all costs, growing over time
Accessible Equity Today
—
At 80% LVR
5-Year Equity & Debt Journey
Property value vs. Westpac balance vs. parent debt over 60 months. Dashed amber lines mark each refinancing event — equity accessed from home, paid directly to Teresa's parents.
Teresa's Net Monthly Income
After-tax income. Steps up in Jan 2027 (4 days) and Jan 2028 (5 days, full-time), with 3% annual salary growth throughout.
Combined Household Surplus
Cash available each month after all expenses, mortgage and tax. Applied as extra principal to accelerate equity build. Childcare saving (+$900/mo) adds from Jan 2028.
Refinancing Milestones
Each event: accessible equity hits $100k threshold → cash-out refinance against home → funds paid to Teresa's parents. Westpac balance steps up; parent debt steps down.
Calculating…
