| Value of Home: |
$
required |
|
| Interest Rate: |
% required (max 2 decimal places) |
| Your Deposit: |
$
required |
| |
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| New Home Construction Progress Payments for - build only |
| |
|
|
Month 1 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Month 6 |
Month 7 |
Month 8 |
Month 9 |
Month 10 |
| * NOTE: Percentages below based on Industry Standard progress payments to the builder & may be changed by user to suit your circumstances! |
| Deposit: 5% * |
% |
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
| Base (Slab): 10% * |
% |
$
|
|
|
|
|
$
|
$
|
$
|
$
|
$
|
$
|
| Frame Complete: 15% * |
% |
$
|
|
|
|
|
|
$
|
$
|
$
|
$
|
$
|
| Brickwork Complete: 35% * |
% |
$
|
|
|
|
|
|
|
$
|
$
|
$
|
$
|
| Fixing: 25% * |
% |
$
|
|
|
|
|
|
|
|
|
$
|
$
|
| Practical Completion: 10% * |
% |
$
|
|
|
|
|
|
|
|
|
|
$
|
| Total: 100% |
% 1 |
$
2 |
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
| If you change percentages NOTE - 1 Must total 100% 2 Must equal 'Value of Home' above to be accurate |
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Total Progress Payment Interest: |
$
|
|
| Notes |
| Building Contract signed at outset on 5% deposit. Month 1 - 4 allows for plan preparation (drawing), approvals and materials ordering by builder. Slab is poured in month 4 or month 5. |
| Progress Payment percentages vary from State and builder to builder - change percentages in RED to suit your circumstances. |
| This calculator is based on general industry standards |
| |
