Rate Cut Calculator
Calculate how interest rate changes affect your mortgage payments. See potential savings from RBA rate cuts and plan your home loan strategy.
Loan Details
Rate Cut Impact
Current Rate
6.50%
New Rate
6.00%
Monthly Savings
$234
per month reduction in payments
Current Payment
$3,234
New Payment
$3,000
Annual Savings
$2,808
Total Interest Saved
$58,500
Time Saved
2.3 years
Payment Comparison Chart
Visual representation of payment savings over time
About Interest Rate Cuts
The Reserve Bank of Australia (RBA) sets the official cash rate, which influences mortgage interest rates across all lenders.
- Rate cuts reduce monthly payments
- Lower rates mean less interest over time
- Can shorten loan term if payments maintained
Rate Cut Strategies
Make the most of interest rate cuts with these smart mortgage strategies.
- Keep payments the same to pay off faster
- Use savings for offset account
- Consider refinancing for better rates
- Review loan features and benefits