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Home Refinance Comparator

This calculator will help you to determine the short and long-tem benefits (or otherwise) of refinancing a home loan.

Simply enter the details of your existing loan and a proposed loan alternative ... and let the calculator do the rest!

Original Loan Amount: $

Original Term of Loan (in years):

10 15 20 25 30

Current Loan Balance: $

Current Interest Rate:

(per annum)

Your new loan amount:

Your new mortgage term:

10 15 20 25 30

(in years)

Your new interest rate:

(per annum)

Your estimated refinancing costs:

(per cent)

How long would you expect to stay in your home after refinancing?

(in years)

Note: Scenario 1 (below) assumes that repayments are adjusted as required to service the new loan. Scenario 2 assumes that repayments are kept the same.

Existing Loan Payment:*

New Loan Payment:*

Monthly Saving/Cost:

*Monthly payment amounts above include principal and interest only. Monthly taxes and insurance are not included.

Principal reduction of existing loan if you DO NOT refinance:

Principal reduction of existing loan if you DO refinance:

Gain/Loss from difference in the principal reduction:

Your estimated refinancing costs:

Total Cost to refinance:

(a+b+c)

: home : calculators : home loan repayment comparator :

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