
Calculator
How much could I save by refinancing?
Compare your current rate with a new one, including switching costs, to see your monthly saving and how fast you'd break even.
- First year
- 5 years, after costs
- Over the loan
- Costs paid back in
Rate pre-filled with Finfident's current example variable rate. Change it to your own rate.
Important information
Refinance savings are worked out on a standard 30-year loan term with principal and interest repayments unless you change the term above. Your actual saving depends on your remaining term, the new loan's fees and the lender's approval. Any comparison rate shown is based on a $150,000 loan over 25 years, as set by law.
Calculator results are estimates for general guidance only. They're based on the information you enter and the calculator's assumptions, and don't take into account all of your personal circumstances, financial commitments or lender eligibility criteria.
These tools are for illustration only. They aren't financial advice, a quote, an offer of credit or a pre-approval, and shouldn't be relied on when making property or finance decisions. Calculation assumptions and system updates can affect accuracy.
Before you commit to a loan or make an offer on a property, talk to a Finfident broker for an assessment of your situation and a formal assessment from a lender. Interest rates shown are examples only. Lending criteria, fees and charges apply.
Finfident Finance Brokers isn't liable for any loss arising from reliance on these calculators. Always get professional advice for decisions that affect your financial wellbeing. Finfident Finance Brokers (ABN 94 679 280 801) is Credit Representative 569374 of Outsource Financial Pty Ltd, Australian Credit Licence 384324.
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