Mortgage calculator: How much extra will your repayments cost?
On Tuesday, the RBA board lifted the cash rate by another 25 basis points to 4.1 per cent.
Use our mortgage repayment calculator below to see what Tuesday’s increase of 25 points means for your repayments.Enter your loan amount, the length of your loan, your existing interest rate, then click the +0.25 per cent rise for the latest hike to get your extra monthly repayment. Calculations are based on monthly fixed interest rate increases on principal loan amount excluding requisite monthly repayments, adjustments to repayment amounts, or additional repayment instalments.
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