Find out when refinancing starts saving you money. Compare your current loan to a new rate, include costs, and see your true break-even point. Know when refinancing is worth it.
Loan Details
$
%
%
Fees charged by your current lender for breaking your fixed-rate loan early
$
Legal and conveyancing fees for refinancing
$
Cost of property valuation required by the new lender
$
Amount you need to repay from previous cashback offers
$
Cashback offered by the new lender
$
Years
Savings Analysis
Monthly Savings
$453
Annual Savings
$5,437
3-Year Savings
$13,311
Break-Even Period
7 months
Total Savings Over 25 Years
$132,926
Monthly Payment Comparison
Current Payment
$3,376
New Payment
$2,923
Monthly Savings
$453
Cumulative Savings Over Time
$27,185
$0
-$3,000
0m30m60m
Break-even: 7m
You'll be better off after 7 months
If you stay 25 years, you'll save $132,926
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation.
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