Fed: What you will save after RBA rate cut

AAP General News (Australia)
04-07-2009
Fed: What you will save after RBA rate cut

New standard variable mortgage repayments on a 25-year loan. Assumes mortgage rate
of 5.60 per cent and that retail banks pass on in full Tuesday's 25 basis point cut by
the Reserve Bank of Australia.



MORTGAGE REPAYMENT SAVING

$100,000 $620.07 $15.09

$150,000 $930.11 $22.63

$200,000 $1,240.15 $30.18

$250,000 $1,550.18 $37.72

$300,000 $1,860.22 $45.27

$350,000 $2,170.26 $52.81

$400,000 $2,480.29 $60.36

$450,000 $2,790.33 $67.90

$500,000 $3,100.37 $75.45



Source - CommSec



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KEYWORD: RATES MORTGAGE FACTBOX

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