What RBA rate rise means for borrowers

WHAT YOU'LL PAY IF BANKS FOLLOW THE RBA:

If your mortgage is (size, new monthly repayments, increase):

* $300,000 - $1660.33 - $91.77

* $350,000 - $1937.05 - $107.06

* $400,000 - $2213.77 - $122.36

* $450,000 - $2490.49 - $137.65

* $500,000 - $2767.22 - $152.95

* $550,000 - $3043.94 - $168.24

* $600,000 - $3320.66 - $183.54

* $650,000 - $3597.38 - $198.83

* $700,000 - $3874.10 - $214.13

This assumes a 30-year standard variable rate loan at an average new interest rate of 5.27 per cent.

(Source: CommSec)

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