Mortgage refinance calculator

Compare your current home loan with a refinance. See the new monthly repayment, total interest over the term, and how long it takes to break even if there are upfront costs and annual fees.

Current loan

Enter your actual repayment and we'll calculate the remaining term from balance and rate. Or enter remaining term below.

We spread the annual fee across the year when calculating your monthly saving.

New loan (refinance)

Estimated new monthly repayment: —

If you have filled in About you, we'll prefill your mortgage balance and current rate where we can. You can still adjust any numbers here.

Results

— Current monthly repayment
— New monthly repayment
— Monthly saving (repayments + annual fees)
— Current loan — total interest (remaining term)
— New loan — total interest
— Interest saved
— Break-even (months)

This is an estimate only, not personal advice. Omission of data or unique variable will have a considerable influence on outcomes. Consider speaking to a licensed adviser for a plan tailored to you where personal variables will be confirmed by supporting documents specific to your preferences and circumstances

Debt consolidation

See how much interest you could save by consolidating debts at a lower rate — and what happens if you only pay the new minimum.

Your debts (combined)

Rough average across cards and loans, or the rate on your highest balance.

What you pay now across all these debts. We use this to show interest if you keep paying the same.

New consolidation loan

If you keep your current repayment

— Months to pay off
— Total interest (new loan)
— Interest saved vs current debts

If you pay only the new minimum

— New minimum monthly payment
— Total interest over life of loan
— Extra interest vs keeping current repayment

This is an estimate only, not personal advice. Omission of data or unique variable will have a considerable influence on outcomes. Consider speaking to a licensed adviser for a plan tailored to you where personal variables will be confirmed by supporting documents specific to your preferences and circumstances

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What to do next

Use these figures when comparing refinance offers. Consider fees, features, and eligibility with a broker or lender.

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Information is intended to be only used as a guide. We highly recommend you seek professional advice from licensed professionals. Omission of detail may make scenarios and opportunities not suitable for your specific circumstances.