Mortgage refinance calculator

Compare the costs of refinancing your home loan

Our easy-to-use Mortgage Refinance Calculator can help you understand what refinancing your home loan could mean for your finances. Whether you’re looking to lower your interest rate, reduce your monthly payments, or pay off your loan faster, this tool gives you a clear picture of the potential benefits.

Simply enter a few details about your current loan and your new loan terms to get started. It’s a quick and helpful way to explore your options—and to see if refinancing makes sense for you:

• Start by filling in your remaining loan balance, current interest rate, monthly repayments, and how many years are left on your mortgage. 
• Then, add in the interest rate you’re being offered: including introductory rate (if any), and any refinancing costs like bank fees or closing costs.

The calculator will show you a side-by-side comparison of your current loan versus the refinanced options. You’ll see how your monthly repayments, total interest paid, the benefits of making higher repayments instead of minimum repayments,  and long-term savings change with refinancing.

Make informed decisions
Use the results to determine if refinancing is the right move for you. If you like what you see, get in touch with one of our expert brokers to guide you through the next steps.