Home loan rate change
See how a change in your interest rate affects the repayments on your existing home loan.
Monthly repayment change estimate: increase of $97.89. New repayment is $3,772.70 per month.
Monthly change
+$97.89/month
Repayment increases from $3,674.81 to $3,772.70 per month (+0.25 percentage points to 6.45%)
- Current repayment
- $3,674.81per month at 6.20%
- New repayment
- $3,772.70per month at 6.45%
- Change per month
- +$97.89per month
- Change per year
- +$1,174.68annualised difference
Repayment impact across frequencies
| Frequency | Current (6.20%) | New (6.45%) | Change per payment | Annual difference |
|---|---|---|---|---|
| Monthly | $3,674.81/month | $3,772.70/month | +$97.89/month | +$1,174.68/yr |
| Fortnightly | $1,695.26/fortnight | $1,740.42/fortnight | +$45.16/fortnight | +$1,174.16/yr |
| Weekly | $847.46/week | $870.04/week | +$22.58/week | +$1,174.16/yr |
Lender rate changes vs the cash rate
An RBA cash-rate change does not automatically change every home loan by the same amount. Your lender determines whether, when and by how much your loan rate changes. Enter the rate change that applies to your loan.
Commercial lenders set variable interest rates independently based on their funding costs and commercial strategy. When the cash rate changes, lenders may pass on all, some or none of the adjustment, with effective dates and subsequent repayment adjustments governed by each lender's loan terms and billing cycles.
Looking for full amortisation or extra repayments?
This calculator is intentionally focused on the immediate repayment difference on an existing loan.
To model full 30-year amortisation schedules, extra regular or lump-sum repayments, or interest-only periods, use our comprehensive Home loan repayments calculator.