Fed: What you'll pay after latest RBA rate increase

AAP General News (Australia)
04-06-2010
Fed: What you'll pay after latest RBA rate increase

Repayments on an average $300,000 mortgage will increase by $47.89 per month following
Tuesday's 25-basis-point increase in the cash rate by the Reserve Bank of Australia.

This assumes retail banks will match the increase, a 25-year standard variable rate
loan and an average new interest rate of 7.15 per cent.



MORTGAGE REPAYMENT INCREASE

$100,000 $716.38 $15.96

$150,000 $1,074.57 $23.95

$200,000 $1,432.75 $31.93

$250,000 $1,790.94 $39.91

$300,000 $2,149.13 $47.89

$350,000 $2,507.32 $55.87

$400,000 $2,865.51 $63.86

$450,000 $3,223.70 $71.84

$500,000 $3,581.88 $79.82



Source - CommSec



AAP cb/sb/jl/

KEYWORD: RATES FACTBOX

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