Refinancing Calculator
Compare your current loan with a new rate and see if refinancing could save you money.
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Property Type
Owner OccupiedInvestment
Repayment Type
Principal + InterestInterest Only
Results
New Monthly Repayment
$2,817
Current Repayment
$2,918
Monthly Saving
$101
Savings Breakdown
Lifetime
$34,802
Every Year
$1,210
Every Month
$101
Break-even: 15 months to recoup $1,500 in refinancing costs
Cost Breakdown
| Current Repayment (monthly) | $2,918 |
| New Repayment (monthly) | $2,817 |
| Monthly Saving | $101 |
| Refinancing Costs | $1,500 |
| Net Lifetime Saving | $34,802 |
Refinancing looks beneficial. You could save $34,802 over the life of your loan after accounting for all costs.