Refinancing
Refinance Break-Even Calculator
Compare your current home loan with a new offer. The result includes repayments, annual fees, one-off switching costs and the remaining debt position, so a longer new loan term does not make a refinance look better than it is.
Your estimate
Does the switch cover its costs?
Estimated position after switching costs
How this calculator treats a refinance
The break-even estimate is the first month where the lower interest and fee cost has recovered the net switching cost. The 1, 2 and 5 year figures compare payments made, fees paid and the balance still owing on each loan.
A lower repayment can be caused by extending the loan term. That can help cash flow, but it does not by itself make the loan cheaper. Compare the lifetime loan-cost difference and the remaining balance before deciding.
General information only, not financial or credit advice. This estimate assumes principal-and-interest repayments, a stable interest rate and fees paid evenly over the loan. It does not include taxes, offset balances, redraw, lender policy, refinancing approval or all loan features. Check written lender terms and consider independent advice before refinancing.