Refinance Savings Calculator
See how much you could save by refinancing to a better rate. Compare your current loan with potential new options.
Your Current Loan
New Loan Details
Side by Side Comparison
| Current | New | Difference | |
|---|---|---|---|
| Interest Rate | 6.50% | 5.89% | 0.61% lower |
| Monthly Payment | $3,038 | $2,879 | -$160 |
| Total Interest | $461,530 | $412,121 | -$49,408 |
Monthly Savings
$160
Yearly Savings
$1,916
Break Even
10 months
Total Interest Saved Over Loan Term
$49,408
Why Refinance?
Lower Rate
Reduce your interest rate and monthly payments
Access Equity
Use your home equity for renovations or investments
Better Features
Offset accounts, redraw facilities, and more flexibility
Note: This calculator provides estimates only. Actual savings depend on your specific loan terms, fees, and eligibility. Switching costs may include discharge fees, application fees, and government charges. Contact us for a personalised assessment.
Disclaimer: This page provides general information only and has been prepared without considering your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.