How much will your mortgage payments be?
Interest rates have risen again.Credit:Aresna Villanueva
The Reserve Bank of Australia has announced a ninth straight rate hike.
On Tuesday, the RBA board raised interest rates by another 25 basis points to 3.35 percent.
Use our mortgage repayment calculator below to see what Tuesday’s 25-point increase (the left shift key) means for your repayments.
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Enter your loan amount, your loan term, and your current interest rate, then click the +0.25% increase for December to get your additional monthly repayment.
Calculations are based on monthly fixed rate increases on the principal loan amount with no required monthly repayments, repayment amount adjustments, or additional repayment installments.
Lenders make individual decisions about what passes through the RBA, so check with your lender.
https://www.smh.com.au/politics/federal/rates-calculator-how-much-extra-will-your-mortgage-repayments-cost-20220802-p5b6m4.html?ref=rss&utm_medium=rss&utm_source=rss_politics_federal How much will your mortgage payments be?
