Calculations are based on a loan using principal & interest repayments over a total loan term of 30 years and assume a pre-May cash rate average variable rate of 2.98 per cent.
Home loan | $500,000 |
---|---|
Apr 2022 repayment | $2103 |
Oct 2023 repayment | $3320 |
Total change | $1,217 |
With another 0.25% | $3404 |
Potential total change | $1,301 |
Home loan | $600,000 |
Apr 2022 repayment | $2523 |
Oct 2023 repayment | $3984 |
Total change | $1,461 |
With another 0.25% | $4085 |
Potential total change | $1,562 |
Home loan | $750,000 |
Apr 2022 repayment | $3154 |
Oct 2023 repayment | $4980 |
Total change | $1,826 |
With another 0.25% | $5106 |
Potential total change | $1,952 |
Home loan | $1,000,000 |
Apr 2022 repayment | $4205 |
Oct 2023 repayment | $6640 |
Total change | $2,435 |
With another 0.25% | $6808 |
Potential total change | $2,603 |
$500,000 | $2103 | $3320 | $1,217 | $3404 | $1,301 |
---|---|---|---|---|---|
$600,000 | $2523 | $3984 | $1,461 | $4085 | $1,562 |
$750,000 | $3154 | $4980 | $1,826 | $5106 | $1,952 |
$1,000,000 | $4205 | $6640 | $2,435 | $6808 | $2,603 |