Refinancing
Fixed vs variable calculator.
Nobody can forecast rates. What you can do is model a scenario and understand what you'd be trading away.
- 01Former commercial bankers
- 02Access to 100+ lenders
- 03A director on every file
- 04A reply within one business day
Use a negative number for falling rates. This is a scenario, not a forecast.
Variable costs less in this scenario
$247
Difference in repayments over the 3-year fixed period, if variable rates move down by 0.25% after year one.
- Fixed repayment
- $3,935
- Variable repayment (today)
- $3,998
- Variable repayment (after -0.25%)
- $3,893
- Total fixed cost over 3y
- $141,652
- Total variable cost over 3y
- $141,405
What could change this figure
- Nobody can forecast rate movements. This is a scenario you chose, not a prediction
- Most fixed loans don't allow a full offset account
- Break costs if you need to exit the fixed rate early
- The revert rate when the fixed period ends
- Whether a split loan gives you a better balance of both
This is an estimate only, based on the figures you have entered and simplified assumptions. It is not credit advice, an offer of credit, or an indication that any lender will approve a loan. Finstac does not forecast interest rates. The rate movement shown is a scenario you have entered, not advice or a prediction.
How this is calculated
- The rate movement is a scenario you enter. Finstac does not forecast interest rates.
- Variable rates are assumed to change once, after the first year of the fixed period.
- Break costs, offset availability and revert rates are not modelled but matter significantly.
Free guide
The Fifteen Minute Refinance Review
What staying put is really costing you
- How to check your rate against what's actually available now
- The real cost of switching, and when it isn't worth it
- Structuring an offset properly instead of just chasing a rate
- Consolidating debt without quietly resetting the clock
Let's get you to the right place
A few quick questions. No obligation, no pressure.
Tell us a little about your situation and we will point you straight to a call or a message, whichever gets you moving fastest.
What are you looking to sort out?
Stay informed
Not ready to talk yet? Get our updates instead.
One useful email a month on rates and lending. No spam, ever.