Refinance calculator
Compare the switch on consistent assumptions
Model current and proposed rates, the remaining term and switching costs to estimate potential savings and break-even time.
A refinance result is only as useful as its baseline. Compare the same balance, repayment type and remaining term before modelling an intentional change. Include known discharge, break, application, valuation and settlement costs.
The calculator cannot predict future rates, approval, valuation or the final payout and settlement amounts. Obtain current figures before making a decision.
Refinance comparison
Compare staying with switching
Compare monthly repayments, estimated switching-cost break-even and scheduled payments across the two loan terms.
Estimated monthly saving
$185.02
less per month on the compared repayment
- Current monthly repayment
- $3,376.04
- Possible new repayment
- $3,191.01
- Switching-cost break-even
- 14 months
- Estimated lifetime saving
- $53,007
Lifetime comparison includes the entered switching costs as an upfront cost. A different term can reduce the monthly repayment while increasing the total amount paid.
Indicative estimate only—not a recommendation, quote, approval or financial advice. It assumes principal-and-interest repayments and constant rates, and excludes unentered fees, cashback conditions, break costs, offsets, redraw and product differences. Actual savings and eligibility depend on your circumstances and lender assessment. Request a tailored comparison.
Use current, comparable inputs
Get the current balance, rate, remaining term and likely switching costs. For the proposed scenario, use documented pricing and fees rather than a headline that may not apply to the requested loan-to-value ratio or purpose.
Interpret the break-even estimate
Break-even estimates how long modelled savings take to recover entered switching costs. If you may sell or change the loan earlier, that matters. A positive estimate is not itself proof that the new loan is suitable.
Review what the calculator cannot price
Offset behaviour, access rules, package changes, approval conditions and future flexibility can matter alongside the estimated dollar result. A broker review can bring those factors into the comparison.
Frequently asked questions
Questions, answered clearly
General answers are a starting point. Your lending options depend on your circumstances.
What costs should I include?
Include known discharge, fixed-rate break, application, valuation, settlement and other switching costs. Also consider changed package fees or lender's mortgage insurance where relevant.
Why should I keep the same remaining term?
It makes the first comparison more like-for-like. Extending the term can reduce repayments but increase how long interest is charged, which can disguise the source of a cash-flow change.
Does a calculated saving mean I will qualify?
No. A refinance is a new application subject to lender assessment, policy and property valuation. The calculator does not assess eligibility.
Ready to take the next step?
Talk through your goals with Luke and leave with a clearer idea of what comes next.