RBA Rate Cut Savings Calculator
Calculate how much you'll save from the latest RBA interest rate cutRate Cut Savings Calculator
Estimate your savings
Enter your loan amount
| Period | Savings |
|---|---|
| Weekly | $0 |
| Monthly | $0 |
| Yearly | $0 |
| Total savings over loan term | $0 |
Your Savings Breakdown
Monthly Repayment Comparison
Your monthly repayments will decrease by 0%
What if the rate drops further?
If rates drop another 0.25%
$0 monthly savings
If rates drop another 0.50%
$0 monthly savings
If rates drop another 0.75%
$0 monthly savings
For more details, see the RBA media release.
Tips to maximize your savings
Keep your repayments the same as before the rate cut to pay off your loan faster
Consider setting up an offset account to reduce your interest charges further
Review your loan terms and compare rates from different lenders
Use your savings to build an emergency fund or make extra repayments
Disclaimer: This calculation assumes monthly payments, covering both principal and interest, with no changes in bank fees. The information provided is general and should not be considered specific financial advice. For personalized advice on loan repayments, please consult your lender. This tool provides estimates only.
Home Loan Savings Reference
Updated 18 February 2025
| Loan Amount | Monthly Savings | Annual Savings |
|---|---|---|
| $100,000 | $15 | $180 |
| $250,000 | $37 | $444 |
| $500,000 | $73 | $876 |
| $750,000 | $110 | $1,320 |
| $1,000,000 | $146 | $1,752 |
| $1,500,000 | $219 | $2,628 |
| $2,000,000 | $292 | $3,504 |
| $2,500,000 | $365 | $4,380 |
| $3,000,000 | $438 | $5,256 |
| $3,500,000 | $511 | $6,132 |
| $4,000,000 | $585 | $7,020 |
*Based on RBA rate cut announcement (18 February 2025) - from 4.35% to 4.1% on a 30-year loan term. Use the calculator on the left to adjust the loan term.
About the RBA Rate Cut
The Reserve Bank of Australia (RBA) has cut the cash rate to 4.10%, down from 4.35%. This reduction aims to ease financial pressures on mortgage holders while maintaining progress on returning inflation to target.
Impact on Your Mortgage
A rate cut directly affects variable rate mortgages. When the RBA reduces the cash rate, banks typically pass on some or all of the cut to their customers. This results in:
- Lower monthly repayments
- Reduced interest charges
- Opportunity to pay down principal faster
Making the Most of Rate Cuts
To maximize the benefit of a rate cut, consider:
- Maintaining your current repayment amount to pay off your loan faster
- Using the savings to build an emergency fund
- Reviewing your loan terms to ensure you're getting the best deal