Comparing and switching
Refinance savings
A rate difference on its own is not a saving. This nets off the discharge, application and registration costs, and shows how long the switch takes to pay for itself.
Your numbers
550,000
Discharge, application, valuation and registration fees.
1,200
Result
Saved each month
$259.72
- Current repayment
- $3,800.01
- New repayment
- $3,540.30
- Break-even on the switching costs
- 5 months
- Saved over the remaining term, after costs
- $76,715
- If the repayment stays the same
- 3 years 7 months
Keeping the old repayment against the new rate takes this long off the loan instead.
Resetting the term back to thirty years lowers the repayment further and usually increases total interest. Compare like for like.
What this does not tell you · It does not model a cashback offer, an introductory rate that reverts, or the ongoing package fee — all of which routinely decide whether a switch was worth it.
Put this on your own site
This calculator ships as part of a Finance OS build, on your brand and your booking link, so an enquiry that starts with a number ends in your calendar rather than on a bank’s website.