Refinance Calculator

Should you refinance? Compare your current loan to a new offer and calculate potential savings

Current Loan

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%

New Offer

%
Keep same term to save interest, or reset to 30 to lower payments.
$
Discharge fees, application fees, etc.
Monthly Saving $0.00
$0 ➔ $0
Break Even In 0 months To recover switch costs
3 Year Saving $0 Short term benefit
Total Term Saving $0 Lifetime interest saved

Equity Release Calculator

How much cash can you access without paying LMI?

Property Details

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$
%
80% is typical to avoid LMI costs.

Cash Out Potential

You Could Release Approx.
$0
New Total Loan Amount
$0
At your target LVR limit

⚠️ The Risks of Refinancing

Front-Loaded Interest

Mortgage interest is calculated on the outstanding balance. In the early years, your balance is high, so most of your payment goes to interest.

When you refinance and reset your term back to 30 years, you go back to paying mostly interest.

The Cost of Lower Payments

Lower monthly payments often come from extending the loan term. This might help cash flow today, but can cost tens of thousands in extra interest.

💡 Tip: If you refinance to a lower rate, try to keep your remaining loan term the same to truly save money.