To calculate the gain over one year due to your lender passing on more than the full RBA drop in interest rates or, less than the RBA interest rate rise:
Into the fields below enter the latest loan amount (latest amount owing), the remaining term of the loan, your old interest rate (interest rate before the RBA drop or rise), payment frequency, the new interest rate (interest rate after RBA drop or rise) and select the actual RBA’s (drop, rise or no change) in interest rate for the month then press Calculate…