Fed: What homebuyers will pay after rate rise

AAP General News (Australia)
12-01-2009
Fed: What homebuyers will pay after rate rise

Homebuyers will pay an extra $46.71 per month on an average $300,000 home loan following
Tuesday's decision by the Reserve Bank of Australia to lift the cash rate by another 25
basis points.



Mortgage Repayment Change

$100,000 $678.33 $15.57

$150,000 $1,017.50 $23.36

$200,000 $1,356.67 $31.14

$250,000 $1,695.84 $38.93

$300,000 $2,035.00 $46.71

$350,000 $2,374.17 $54.50

$400,000 $2,713.34 $62.29

$450,000 $3,052.51 $70.07

$500,000 $3,391.67 $77.86

Assumes 25-year mortgage and a standard variable rate of 6.55 per cent.



Source - Commonwealth Securities



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KEYWORD: RATES (FACTBOX)

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