We have a mortgage and pay the minimum of $560 per week. We built the house a year ago though so it is a brand new 4 bedroom 2 bathroom home and we didnt finish it cheaply. It has very good resale value with double shower, big alfresco, galley kitchen etc. Mortgage is $350k and we are a 40 min train ride/drive from the city but still in a very large suburb.

We were paying around the same amount last year when the interest rates were lower (so about $100 -$150 per week more than we had too) but now that intertest rates have gone up again we are just paying what we need to.