How do I calculate my refinance savings?

Subtract your new monthly repayment from your current monthly repayment to get your monthly saving. Multiply by 12 for annual savings. Then subtract total switching costs (typically $600–$1,500) to get your net first-year saving. Our calculator does this automatically.

What is a break-even point for refinancing?

The break-even point is the number of months until your cumulative savings exceed your switching costs. Divide your total switching costs by your monthly saving. For example, $1,200 in costs ÷ $300 monthly saving = 4 months to break even.

Free Tools

Refinance Calculators

7 free tools to help you make the smartest refinancing decision. No sign-up required.

Refinance Savings Calculator

Compare your current loan against a new rate to see your true annual and lifetime saving.

Current Loan Balance ($)

Current Rate (%)

New Rate (%)

Remaining Term (years)

Switching Costs ($)

Your Results

$3,465

Annual saving

$86,600

Total saving over remaining loan term

Monthly saving$289

Current monthly repayment$3,741

New monthly repayment$3,452

Break-even period5 months

Joey's translation: That pays for about 866 cups of coffee!

General advice only. Rates change daily. Contact us for your exact personalised figure including all fees.

Get My Actual Rate →

Break-Even Calculator

Find out exactly how many months until your savings exceed your switching costs.

Loan Balance ($)

Current Rate (%)

New Rate (%)

Discharge Fee ($)

New Loan Establishment Fee ($)

Government / Transfer Fee ($)

Cash-Back Received ($)

Break-Even Analysis

4 months

Until switching costs are recovered

✅ Definitely worth it

Based on your inputs

Total switching costs$1,250

Monthly saving$289

Net saving - year 1$2,215

Net saving - 5 years$16,195

Costs vary by lender and state. Full breakdown included in your free savings report.

Repayment Calculator

Calculate your exact repayment for any home loan scenario - P&I or interest only, any frequency.

Loan Amount ($)

Interest Rate (%)

Loan Term (years)

Repayment Type

Frequency

Repayment Summary

$3,452

Per month

$485,700

Total interest over loan term

Total repaid$1,035,700

Annual repayments$41,424

Interest as % of total46.9%

A guide only. Actual repayments vary based on lender fees and rate changes.

LVR Calculator

Your Loan-to-Value Ratio determines which rate tier you qualify for. Most lenders reward you at 80%, 70%, and 60% LVR.

Current Property Value ($)

Remaining Loan Balance ($)

LVR Analysis

61.1%

Your current LVR

✅ Below 70% - Premium rate tier

Rate tier qualification

Equity in property$350,000

Equity percentage38.9%

Usable equity (80% LVR)$170,000

Rate tierPremium (<70%)

Property value confirmed by lender valuation. This is an estimate only.

Offset Account Calculator

See how much interest your offset savings will eliminate over the life of your loan - and how many years it shaves off.

Loan Balance ($)

Interest Rate (%)

Loan Term (years)

Average Offset Balance ($)

Offset Benefit

$52,400

Total interest saved with offset

2.1 years

Loan term reduced by

Without offset - total interest$485,700

With offset - total interest$433,300

Annual interest saving$1,767

Assumes constant offset balance. Actual benefit depends on account activity.

Extra Repayments Calculator

See how much faster you can pay off your mortgage by adding a little extra each month.

Loan Balance ($)

Interest Rate (%)

Remaining Term (yrs)

Extra Monthly Repayment ($)

$500

Extra Repayment Impact

$96,400

Total interest saved

6.3 years

Loan paid off sooner

Standard loan term25 years

New payoff time18 yrs 9 mths

Total interest saved$96,400

Assumes rate stays constant. Extra repayments may not be available on all fixed rate loans.

Stamp Duty Reference

Good news: When refinancing, you generally do NOT pay stamp duty - only small discharge/registration fees. This tool is for property purchases.

Property Value ($)

State

Stamp Duty Estimate

$31,335

NSW stamp duty estimate

✅ Refinancing? You pay $0 stamp duty - only discharge & registration fees (~$300–$500)

Property value$800,000

Stamp duty estimate$31,335

Effective rate3.92%

Approximate only. Concessions and exact thresholds vary. Confirm with your conveyancer.

Refinance Calculators

Refinance Savings Calculator

Break-Even Calculator

Repayment Calculator

LVR Calculator

Offset Account Calculator

Extra Repayments Calculator

Stamp Duty Reference

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