Refinance Savings Calculator
Refinance Savings Calculator
Compare your current home loan repayment with a potential new loan option and estimate possible savings.
Use this refinance savings calculator to compare your current home loan repayment with a potential new loan option.
This can help you estimate possible monthly savings, annual savings and how long it may take to recover refinance costs.
The result is only a guide. Refinancing should be assessed based on your full position, including rate, repayments, fees, loan structure, cash flow, lender policy and whether switching lenders is actually worth it.
Calculate possible refinance savings
This calculator is designed as a guide only. It does not include all lender fees, government fees, discharge costs, package fees, rate changes, cashback offers, product-specific conditions or individual lender assessment rules.
Estimated result
$0 per month
Current estimated repayment
$0
New estimated repayment
$0
Estimated annual saving
$0
Estimated refinance break-even point
Not available
Enter your loan details to estimate potential refinance savings.
What this calculator can help you estimate
A refinance savings calculator can help you compare your current loan against a possible new loan option.
You can use it to estimate the difference between your current repayment and a new repayment, based on the loan balance, interest rate, term and repayment frequency.
It can also help you estimate how long it may take for monthly savings to recover the cost of refinancing.
This can be useful when deciding whether it is worth reviewing your home loan, speaking with your current lender, restructuring the loan or considering a refinance.
It should be used as a guide only. A proper refinance review should also consider fees, loan features, cash flow, loan purpose, lender policy and whether the new structure is actually better for your situation.
What to consider before refinancing
Refinancing can be useful, but it should not be based on the interest rate alone.
Before refinancing, it is worth checking your current rate, current repayment, loan balance, remaining loan term, fees, loan features and whether your current lender may be able to improve your existing deal.
You should also consider whether the new loan term resets the debt over a longer period, because this may reduce the regular repayment while increasing the total interest paid over time.
If you are refinancing to release equity, consolidate debt or change the loan structure, the purpose and long-term impact should be reviewed carefully.
A good refinance review should compare the saving, cost, structure and overall fit.
Why savings are not the only thing that matters
A lower repayment can be helpful, but it does not always mean the refinance is the best option.
Sometimes a lower repayment is caused by extending the loan term, changing the repayment type or moving to a product with fewer features.
The loan may look cheaper month to month, but still cost more over time if the debt is stretched out for longer.
It is also worth considering offset accounts, redraw, fixed and variable options, repayment flexibility, fees and whether the new lender fits your situation.
The goal is not just to find a lower repayment. The goal is to find a loan structure that improves your position.
When to speak with a broker
It is worth speaking with a broker if you are unsure whether refinancing is actually worth it.
A broker can help compare your current loan against other options, check whether your existing lender may be able to sharpen the rate and review whether your loan structure still suits your goals.
This is especially useful if your income has changed, you are self-employed, you want to release equity, consolidate debt, switch repayment types or restructure multiple loans.
Sometimes the right answer is to refinance. Sometimes it is to stay with your current lender and negotiate a better deal.
The key is knowing the difference before you make the move.
Want help checking whether refinancing is worth it?
Use the calculator as a starting point.
Use the calculator as a starting point, then book a call or send us a message if you want help reviewing your current loan, possible savings, refinance costs and whether switching lenders actually makes sense.
We can help you compare staying, repricing, restructuring or refinancing, so you can make a clearer decision before making the move.