Impact if banks pass on full RBA rate cut

Alex Druce
(Australian Associated Press)

 

WHAT YOU COULD SAVE IF BANKS PASS ON THE FULL RATE CUT:

* Mortgage size: $100,000 – new repayment: $526 – monthly saving: $14

* $200,000 – $1,051- $28

* $300,000 – $1,577 – $42

* $400,000 – $2,103 – $55

* $500,000 – $2,628 – $70

* $600,000 – $3,154 – $83

* $700,000 – $3,679 – $98

* $800,000 – $4,205 – $111

* $900,000 – $4,731 – $125

* $1,000,000 – $5,256 – $139

* (Source: ASIC. Figures for 25-year standard variable loan at an average new rate of 3.96 per cent, excluding fees)

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