Home Loan Refinance Calculator
Shows whether refinancing to a lower rate is worth the switching costs.
Your result
Estimate only. Results update as you type.
How this calculator works
Saving = current repayment − new repayment. Break-even = switching costs ÷ monthly saving.
Worth knowing
Ask your current lender for a rate cut first. A phone call is often enough to get a better deal.
Guides for this calculator
- How the Home Loan Refinance Calculator Works (With a Worked Example)
- Getting the Most From a Home Loan Refinance Calculator: Tips and Common Errors
Questions
- Do these calculators match what my bank will say?
- Lenders use their own models, expense benchmarks and policies. Use these results to prepare, then speak to a lender or broker.
- Are stamp duty rates current?
- Duty thresholds are indexed or changed regularly. Always confirm with your state revenue office before relying on a figure.
- Is this financial advice?
- No. The calculators give general estimates only and don’t consider your objectives or financial situation.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.