7h ago7 hours agoTue 18 Feb 2025 at 3:35am
This calculator exhibits how a lot decrease your mortgage funds might be. Simply plug in your mortgage measurement, time period and rate of interest. (ABC Information: John Gunn)
The Reserve Financial institution of Australia (RBA) has reduce rates of interest by 0.25 proportion factors, reducing the money charge for the primary time in additional than 4 years.
It is now 4.1 per cent.
When you’re on a variable charge, this implies your repayments will lower too, if and when your financial institution passes alongside the speed reduce.
This repayments calculator exhibits how a lot you could possibly save every month within the wake of the reduce.
Plug in your present mortgage measurement, time period and rate of interest to see the distinction.
Particular person lenders determine how a lot of the RBA charge reduce to move on and this estimate doesn’t think about any financial institution charges or costs, so test together with your lender to get an actual quantity.
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