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This calculator compares your current loan with a potential refinanced loan, showing monthly savings and the break-even point.
Include all refinancing costs to see the true benefit of refinancing.
Even a 0.5% rate reduction can save you thousands. Calculate your break-even point to see when refinancing pays for itself.
Important Disclaimer & Assumptions
Assumptions: Assumes current and new interest rates remain fixed for the comparison period. Refinancing costs shown are estimates only — actual costs vary by lender. Does not account for potential break costs on fixed-rate loans, ongoing fees, or changes in circumstances.
General Disclaimer: This calculator is provided by Mortgage & Finance Advisory (Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328) for illustrative and educational purposes only. Results are estimates based on the information you provide and the assumptions listed above. They do not constitute financial advice, a loan offer, or a guarantee of any outcome.
Actual loan terms, interest rates, fees, government charges, and eligibility criteria will vary between lenders and depend on your individual circumstances. Interest rates used are for comparison purposes only and may not reflect current market rates.
We recommend seeking independent financial, legal, and tax advice before making any financial decisions. For personalised advice tailored to your situation, please book a free strategy call with our team.
© 2026 Mortgage & Finance Advisory. All rights reserved. ABN: 90 732 203 952 | Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328
Consider refinancing when interest rates have dropped significantly, your fixed rate period is ending, your financial situation has improved, or you want to access equity. A general rule is refinancing may be worthwhile if you can save at least 0.5% on your rate.
Refinancing costs may include discharge fees from your current lender ($150-$400), application fees with the new lender ($0-$600), valuation fees ($200-$600), and government fees for mortgage registration. Many lenders offer cashback or fee waivers to offset these costs.
Refinancing typically takes 4-8 weeks from application to settlement. The process involves applying with a new lender, property valuation, loan approval, and settlement where your old loan is paid out and the new one begins.
