Monthly saving
The repayment difference under the entered assumptions.
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Free mortgage tool
Refinance Calculator
Compare your current home loan with a proposed alternative and estimate potential savings.
Want to discuss the results?
Contact Chris to discuss what the estimate may mean for your next step.
Results are indicative estimates only and may not include every fee, policy rule or personal circumstance. They are not financial, credit, tax or legal advice and do not guarantee loan approval.
Calculator guide
Compare the real effect of refinancing
Compare your existing home loan with a proposed alternative, including repayments, switching costs and the time needed to recover those costs.
- 01Enter the current balance, rate, repayment and remaining term.
- 02Enter the proposed rate, term and all switching costs.
- 03Check the break-even point and total-interest comparison.
Break-even period
How long estimated savings take to recover switching costs.
Lifetime difference
The estimated long-term cost difference between scenarios.
Worked-scenario tip
A lower monthly repayment caused mainly by restarting a longer term may not reduce total interest. Compare using the same remaining term first.
Assumptions and limits
What this estimate cannot decide.
- The result is an estimate, not a loan offer or approval.
- Lender policies, rates, fees and assessment methods can change.
- Use current, realistic figures and seek personalised advice before acting.
Common questions
Should I refinance for a lower rate?+
Consider fees, term, features, serviceability and the break-even period as well as rate.
Are fixed break costs included?+
Only if you enter them. Request an up-to-date payout figure from the lender.
Can I keep my remaining term?+
Often yes, subject to lender policy and approval.