I want to calculate
Repayment change, costs, break-even, and savings.
Calculator
Refinance Feasibility Calculator
Compare repayment changes, upfront switching costs, and the estimated break-even point.
Current loan details
Proposed loan settings
Estimated repayment change
-$77
Break-even
No saving
Current repayment
$2,918
New repayment
$2,995
Monthly saving
-$77
Five-year saving
-$6,005
Net interest saving
-$27,603
What this means
- The proposed scenario does not lower repayments before considering non-price reasons to switch.
- The five-year cumulative saving estimate is -$6,005 after upfront switching costs.
- Compare loan features, offset treatment, redraw access, package fees, and discharge timing before relying on the repayment difference alone.
Cumulative refinance saving
Sources checked 4 Jul 2026. Results update as you edit the inputs.
Assumptions and sources›
These calculators provide general estimates only. They are not loan approval, financial advice, tax advice, or legal advice.
- ASIC MoneySmart mortgage calculator
Checked 4 Jul 2026
Repayment calculations use standard amortisation and assume rates remain unchanged for the scenario.
Review the estimate
Use the calculator output as a starting point for a document review.
RAY Accounting Group can help organize the records behind income, expenses, loans, and property decisions.