Calculator
Refinance Savings
See how much you could save by switching to a lower rate. Enter your current loan details and a new rate to compare total costs and calculate your break-even point.
Current Loan
$
7.20%
1.00%15.00%
25 years
1 yr30 yrs
New Loan
5.90%
1.00%15.00%
$
Your savings
Monthly saving
$448
per month
Current repayment$3,958/mo
New repayment$3,510/mo
Gross saving$134,287
Net saving (after costs)$132,787
Break-even point4 months (0.3 yrs)
These results are estimates only
Your actual borrowing capacity depends on your full financial picture, lender credit policy, and current rates. Click below to get an accurate assessment from one of our brokers — it's free.