Impact
of tax cuts and mortgage rate rises |
|
|||
|
Tax
Cut from this July ($/mth) |
Cost
of last rate rise ($/mth) |
Cost
of this rate rise ($/mth) |
Net
effect after two rate rises ($/mth) |
Income
$58,000pa, mortgage $250,000 |
57.68 |
42.00 |
85.00 |
-27.32 |
Income
$100,000pa, mortgage $325,000 |
57.68 |
54.00 |
110.00 |
-52.32 |
Income
$200,000pa, mortgage $450,000 |
57.68 |
75.00 |
152.00 |
-94.32 |