Impact if banks pass on the RBA rate cut

Repayments on a $500,000 mortgage would drop by $70 a month on average if retail banks fully pass on a 25-basis-point cut in the cash rate.

WHAT YOU COULD SAVE IF BANKS PASS ON THE CUT:

* Mortgage size: $100,000 - new repayment: $537 - monthly saving: $14

* $200,000 - $1,073 - $28

* $300,000 - $1,610 - $42

* $400,000 - $2,147 - $56

* $500,000 - $2,684 - $70

* $600,000 - $3,220 - $84

* $700,000 - $3,757 - $98

* $800,000 - $4,294 - $112

* $900,000 - $4,830 - $127

* $1,000,000 - $5,367 - $140

* (Source: ASIC. Figures for 25-year standard variable loan at an average new rate of 4.41 per cent, excluding fees)