Refinancing
Refinance savings calculator.
Refinancing is worth doing when the numbers say so, and not when they don't. This shows both outcomes honestly.
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Discharge, registration and any new lender fees. Break costs apply if you're fixed.
Estimated monthly saving
$235
About $2,818 a year. At that rate you'd recover your switching costs in roughly 6 months.
- Current repayment
- $4,084
- Repayment at the comparison rate
- $3,849
- Saving over 5 years (after costs)
- $12,892
- Break even
- 6 months
What could change this figure
- Break costs if you're currently on a fixed rate
- Whether you restart a 30-year term or keep your existing one
- Lender fees, cashback offers and package costs
- Your LVR and credit profile, which drive the rate you're actually offered
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. Extending your loan term can reduce repayments while increasing total interest paid.
How this is calculated
- Both loans are compared over the same remaining term. Restarting a 30-year term lowers repayments but increases total interest.
- Break costs on fixed-rate loans are not modelled and can be significant.
- Switching costs are whatever you enter, typically discharge, registration and new lender fees.
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.
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