Could You Save by Refinancing?
See how much you could save by switching to a lower interest rate.
Your Current Loan
years
1years30years
Potential Savings
Switching could save you $111,252 over the life of your loan
Monthly Savings
$370.84
per month
Lifetime Savings
$111,252
over 25 years
Time Saved
5 years, 7 months
keeping same repayments
Monthly Repayment Comparison
Current repayment$3,325
New repayment$2,955
Monthly difference-$370.84
Detailed Breakdown
Loan balance$450,000
Current rate7.5%
New rate6.2%
Remaining term25 years (300 months)
Current monthly repayment$3,325
New monthly repayment$2,955
Monthly savings$370.84
Lifetime savings$111,252
Time saved (same repayments)5 years, 7 months
Want expert guidance?
Numbers are a great start, but every situation is unique. Talk to our experienced brokers and get personalised advice tailored to your goals.
Disclaimer: These calculations are estimates only and should not be considered financial advice. Results are based on the information you provide and general assumptions. Please consult with a qualified mortgage broker for personalised guidance tailored to your individual circumstances.