Refinance calculator

Compare your current home or investment loan against a new rate. See monthly repayment changes, switching costs and break-even time before refinancing.

Is refinancing worth it?

Refinancing is worth considering when the saving from a lower rate or better features outweighs the cost of switching, including discharge, application and valuation fees. Compare repayments on the same remaining term and calculate how many months it takes to recover the costs. Confirm eligibility and fees with lenders or a broker in Sydney, NSW or Australia.

The rate is only half the comparison

A lower advertised rate can come with higher fees, fewer features or a longer term that increases total interest. Compare on the same loan amount and remaining term, and include every switching fee.

Check the break-even point

Divide total switching costs by the monthly saving to find how long it takes to recover them. If you might sell or refinance again before then, the switch may not pay off.

Know what a lender will assess

Lenders reassess income, expenses and the property value. A change in circumstances or a lower valuation can affect approval, so treat the calculator as a scenario rather than an offer.

Frequently asked questions

What costs apply when refinancing?

Common costs include discharge fees, application fees, valuation and government registration fees. Ask both lenders for written amounts.

Can I refinance an investment loan?

Yes, subject to lender assessment. Interest deductibility rules may be affected by how the loan is restructured, so speak with a tax adviser.

Does the calculator use live rates?

No. Enter the rates from your current statement and a written quote.