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What happens to my repayments if interest rates rise?

For variable rate home loans, an increase in interest rates will generally result in higher repayments, assuming the loan balance and remaining term stay the same. For fixed rate home loans, repayments are generally unchanged during the fixed rate period, but may change when the loan moves to a new rate at the end of that period. Using the home loan repayment calculator to model different interest rates can help you understand the potential impact on your budget.

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