Fed: What you will save by latest rate cut

AAP General News (Australia)
12-02-2008
Fed: What you will save by latest rate cut
RATES MORTGAGE FACTBOX

What homebuyers will save with the latest rate cut:



* Assuming a new mortgage rate of 6.74 per cent following today's 100 basis point reduction
in the official cash rate, a borrower on an average $300,000 mortgage will save $193.18
on monthly repayments.



Mortgage Repayment Saving

$100,000 $690.28 $64.39

$150,000 $1,035.42 $96.59

$200,000 $1,380.56 $128.78

$250,000 $1,725.70 $160.98

$300,000 $2,070.84 $193.18

$350,000 $2,415.98 $225.37

$400,000 $2,761.12 $257.57

$450,000 $3,106.26 $289.76

$500,000 $3,451.40 $321.96



Source: CommSec



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KEYWORD: POLICE VIC OPPOSITION (MELBOURNE)

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