Refinance Cost-Benefit Calculator

Compare your current loan against a new offer, and see how long it would take to recover the cost of switching.

Current loan
$480,000 · 6.79% · 27 yrs left
$
% p.a.
years
New loan & switching costs
5.99% · $850 costs · $2,000 cashback
% p.a.
years
$
$
$
$
$
Current monthly repayment$0
New monthly repayment$0
Net switching cost$0
Estimated total interest saved$0
Break-even in progress...
Remember: the comparison rate — not just the headline interest rate — reflects most fees and charges built into a loan. Always check the comparison rate before deciding, as required under the National Credit Code.
Worried About Payment Shock?
Plan ahead with automatic extra repayments or find a loan with smaller rate jump. Minimize budget impact, explore rate lock options, and structure a refinance that saves money.
🔒 No spam, ever ⚡ Takes 30 seconds ✔️ Obligation-free
Important information: This calculator provides estimates only and does not constitute financial or credit advice, a loan offer, or pre-approval. It compares the repayments and interest cost of your current loan against a new loan offer based on the figures you enter, and does not account for other features that may differ between loans, such as offset accounts, redraw facilities, fixed-rate break costs, Lenders Mortgage Insurance, or government charges that may apply on refinance. Interest rates used are assumed to remain constant for the remainder of each loan's term, which is unlikely in practice for variable-rate loans. This is not a comparison rate and does not include all fees and charges that may apply to either loan. Speak with us for a full comparison based on your actual circumstances and the lender's current disclosure documents.