Slide to provide your estimate the price of the property you are wanting to buy (or refinance)
If you want to include all fees and charges in your MyBrix funding, leave this switch selected, if you will pay all fees and charges (eg stamp duty, legal and MyBrix fees) separately to the funding secured on the MyBrix platform, unselect this switch.
If you are refinancing or purchasing a property to rent out select this switch
If you want to use the rental returns for by backs each month select this option
How much deposit do you currently have?
Slide to desired amount of buyback of Brix per month.
Slide to desired amount of return to provide to your investors, 8% to 10% is considered a good return, but you may want to make this higher or lower depending on the expectations of your investors. It is important to note that Index Rate is NOT the same as Interest Rate (see below for example comparison rate).
This is an approximation of the equivalent interest rate that would be charged on a traditional home loan in relation to the selected MyBrix Index Rate.
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This is the amount of funding you will need to raise by selling Brix (including your deposit, all acquisition costs and all MyBrix fees and charges)
This is the estimated total amount needed to purchase/refinance the property (including your deposit, all acquisition costs and all MyBrix fees and charges)
This is the price your investors will pay for each Brix they buy in your property.
This is how many Brix you will initially have in your property, your investors will own the rest
This is how many Brix your investors will initially own in your property, you will initially have the balance out of 10,000 Brix
This is the monthly payments you would make under a traditional loan at the comparison rate indicated, we advise to try to keep your monthly as close to this as possible to maximise the benefit of your Brix Buybacks.
This is how many years MyBrix can save you over a Traditional Home Loan
This is how much money you will save with MyBrix over a Traditional Home Loan
Slide to select the interest rate you want to compare MyBrix funding with.
The initial 10 years are shown in the middle section above, terms longer than 10 years are possible, the red section on the right shows the comparison over a term of 30 years.
Note: the Equivalent Comparison Rate shown below is NOT a Comparison Interest Rate that can be used to compare MyBrix against traditional property finance, it is only an aid to help you understand the difference between Index Rates and Interest Rates, MyBrix makes no guarantee this comparison rate reflects and actual interest rate in the market.
This calculator is for information purposes only, it is not financial advice, nor it is warranted to represent any accurate financial projections. Seek your own independent financial advice in all matters concerning any aspect of participation in MyBrix.