Potential impact of higher repayments after four lots of 0.25 percentage point rate cuts
Table with 4 columns and 3 rows.
Monthly repayment — Dec 25
Interest paid — life of the loan
Time taken to pay off loan
Drop to paying the minimum
$3,625
$489,441
25 years
Keep repayments the same as today
$3,984
$400,298
21 years
Difference
+$359
-$89,143
-4 years