How much extra could mortgage repayments be, now that the cash rate is 4.1 per cent?

📆 6/6/2023 9:40 AM
📰 abcnews

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Enter your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan.

This leaves the benchmark rate atIf you have a mortgage on a variable rate, your repayments will probably increase too.

Plug in your current loan size, term and interest rate to see the differenceThe additional amount on your repayments will be higher if you're on a longer-term loan as compared to a short-term one due to the accumulation of interest over time.Individual lenders also decide how much of the RBA rate rise to pass on, and this estimate does not factor in any bank fees or charges, so check with your lender to get an exact amount.

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Mortgage calculator: How much extra will repayments cost?The RBA has increased interest rates to 3.85 per cent. Use our calculator to see how much extra your mortgage repayments are.
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