Free tool
Refinance Calculator
A lower rate looks good on paper. This shows whether switching actually leaves you ahead once fees, costs and any cashback are counted.
Your current loan
The new loan
Worth it on cost. You would save
$69,356
over the life of the loan. Switching costs are paid back in 5 months.
Refinance, pay the new minimum
$195
less per month, including fees
- Repayment now
- $3,788
- New repayment, intro period
- $0
- New repayment
- $3,593
- Switching costs paid back
- in 5 months
- Cash position after year 1
- $1,490
- Saving over the life of the loan
- $69,356
Refinance, keep paying what you pay now
3 yrs 10 mths
off your loan
- Repayment, unchanged
- $3,788
- Saving over the life of the loan
- $173,553
- Interest and fees if you stay put
- $763,847
Want me to run this on your actual loan?
Leave your details and I will compare your loan against what lenders are offering right now, including the fees. Your details are handled under my privacy policy.
Are you ahead or behind, year by year?
Your running cash position from refinancing and paying the new minimum, after switching costs and cashback. Above the line you are ahead.
A lower rate is only half the answer. Fees, what happens after an intro rate ends, and whether your own lender will match all change the result. It is a 15 minute conversation.
Book a free 15 minute callAsk your current lender first
Lenders often give new customers a sharper rate than the people already with them. Before you switch, call your lender and ask them to match what you have been offered elsewhere. If they do, you get the saving without the switching costs. If they will not, that tells you something too.
Watch the intro rate
A low intro or fixed rate can make a loan look cheaper than it is. What matters is the rate you move to when that period ends, because you will be on it for much longer. Put the intro rate and the ongoing rate in separately and the calculator weighs both.
Cashback is the same story. It helps in year one, but it should not be the reason to switch on its own.
How this is calculated
- Repayments are principal and interest, monthly, over the years remaining. The new loan keeps the same remaining term.
- If there is an intro or fixed period, the repayment is worked out at that rate first, then recalculated at the ongoing rate for the rest of the term.
- Monthly saving compares your current repayment plus fees with the new ongoing repayment plus fees.
- Life of loan saving is the total interest and fees on your current loan, less the total on the new loan including switching costs and the exit fee, plus any cashback.
- Rates are assumed to stay the same. Your ability to borrow, lenders’ credit criteria and any break costs on a fixed loan are not included.
General information only. It does not take into account your objectives, financial situation or needs, and is not credit, financial, legal or property advice. Figures are estimates that assume rates stay the same, and do not account for fixed rate break costs or whether a lender would approve you. Talk to me before you rely on any of these numbers. Sklupple Pty Ltd (ACN 676 755 990) trading as KK Talks Finance is a Credit Representative (CR No. 569266) of Australian Finance Group Ltd (ACL 389087). © 2026 KK Talks Finance.