 Rate rise stress testhttps://ratepool.com.au/calculators/rate-rise-stress-test Explore another scenario
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Rate rise stress testhttps://ratepool.com.au/calculators/rate-rise-stress-test Explore another scenario
|
See how higher rates could change your repayments and the money left in your monthly household budget.
Start with the loan. Household figures are optional and stay in this browser.
$312.39more per month
Add optional household figures to see what this repayment could leave in your monthly budget.
This is a stress test, not a rate forecast or an affordability judgement.
Complete the optional household section to identify the first tested rate where entered costs exceed income.
Each scenario applies the higher rate for the remaining loan term.
| Rate rise | Interest rate | Monthly repayment | Monthly increase | Annual increase | Money left | Mortgage / income | Funds cover increase |
|---|---|---|---|---|---|---|---|
| Current rate | 6.00% | $3,221.51 | — | — | — | — | — |
| +0.25 points | 6.25% | $3,298.35 | $76.84 | $922.08 | — | — | — |
| +0.50 points | 6.50% | $3,376.04 | $154.53 | $1,854.36 | — | — | — |
| +1.00 point | 7.00% | $3,533.90 | $312.39 | $3,748.68 | — | — | — |
| +2.00 points | 8.00% | $3,859.08 | $637.57 | $7,650.84 | — | — | — |
| +3.00 points | 9.00% | $4,195.98 | $974.47 | $11,693.64 | — | — | — |
We calculate principal-and-interest repayments over the remaining term at the selected frequency. Each scenario applies the higher rate immediately and holds it constant. A cash-rate change does not guarantee the same change in your home-loan rate.
Money left is monthly take-home income minus essential expenses, other debt repayments and the monthly equivalent of the estimated mortgage repayment. Mortgage share divides that mortgage amount by take-home income. Savings coverage divides entered emergency savings and offset funds by the extra monthly repayment. The offset does not reduce the contractual repayment in this test.
The heatmap uses under 30%, 30% to under 50%, and 50% or more as visual guide bands. Research measures differ in their income definitions and often consider income level as well as the repayment share. Ratepool uses the take-home income entered here, so the heatmap does not reproduce the RBA or AHURI measures.
This is a stress test, not a forecast. It does not reproduce a lender serviceability assessment, decide eligibility or define a safe borrowing limit. Income, household costs and access to savings can change alongside interest rates.
The income and expense figures remain in your browser and are not saved by Ratepool. If repayments are becoming difficult, contact your lender early or speak with a free financial counsellor through the National Debt Helpline.
Start with take-home income and the spending you cannot easily avoid. Include regular debt repayments, groceries, utilities, transport, insurance and other essential costs. Leave out the home loan repayment because the calculator adds it.
Try the test again with irregular costs converted to monthly amounts. A yearly $1,200 bill is $100 a month.
The table shows the mechanical effect of higher rates if everything else stays unchanged. It does not predict Reserve Bank decisions, lender pricing, income changes or your personal capacity to cope. It is separate from a lender’s serviceability or eligibility assessment.
If you are worried about repayments, contact your lender early. You can also call the National Debt Helpline on 1800 007 007 for free financial counselling.