Table with 4 columns and 2 rows.
$500,000$3,320$3,243-$77
$1,000,000$6,640$6,486-$154
Note: calculations are estimates based on an owner-occupier paying principal and interest with 25 years remaining on their loan on the average variable rate of 6.32%. Assumes the RBA cuts the cash rate by 0.25% pts in February 2025 and that banks pass it on in full. Does not factor in any additional repayments.