Home Loan Refinancing Calculator

Analyze potential savings and break-even point for refinancing your home loan

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Refinancing Details

Current Loan

Current Loan Balance ($)

Current Interest Rate (% p.a.)

Remaining Loan Term (years)

New Loan

New Interest Rate (% p.a.)

New Loan Term (years)

Refinancing Costs

Application Fee ($)

Valuation Fee ($)

Legal Fees ($)

Exit Fee ($)

LMI Required (less than 20% equity)

Other Costs ($)

Incentives & Analysis

Cashback Offered ($)

Plan to Stay (years)

Monthly Savings

$0.00

Break-even Time

0.0 years

Recommendation

Not Recommended

Payment Comparison

Current Loan

Interest Rate% p.a.

Monthly Payment$0.00

New Loan

Interest Rate% p.a.

Monthly Payment$0.00

Monthly Savings

$0.00

Annual Savings

$0.00

Interest Rate Difference

0.00%

Refinancing Cost Analysis

Cost Breakdown

Cost Summary

Total Refinancing Costs$0.00

Net Refinancing Costs$0.00

Break-even Analysis

Key Metrics

Break-even Point0 months

Savings over 5 years$0.00

Net Benefit over 5 years$0.00

Long-term Savings

Interest Savings (Full Term)$0.00

• Break-even time: 0.0 years

• Monthly savings after break-even: $0.00

• Total potential interest savings: $0.00

Refinancing Not Recommended

• Break-even time of 0.0 years exceeds your planned timeframe

• Net cost over 5 years: $0.00

• Consider waiting for better rates or extending your timeframe

Australian Refinancing Considerations

• Typical Costs: Australian refinancing costs range from $500-$2,000, with LMI potentially adding thousands

• Break-even Rule: Most experts recommend refinancing only if you'll break even within 2-3 years

• Rate Shopping: Compare rates from multiple lenders - differences of 0.5-1% are common

• Cashback Offers: Many lenders offer $2,000-$4,000 cashback to offset switching costs

• Fixed Rate Exits: Breaking a fixed rate loan early may incur substantial break costs

Ready to Refinance Your Home Loan?

Get expert help to find better rates and manage the refinancing process