Refinance savings calculator
See your potential savings.
Many homeowners stay on a higher rate simply because switching feels like a hassle. Enter a few details about your current loan to see an estimate of what you could save each month, how long it would take to cover your switching costs, and what you could save over the life of the loan.
What is refinancing?
Refinancing means replacing your current home loan with a new one, either with your existing lender or a different one. People refinance to secure a lower interest rate, reduce their repayments, consolidate debts, access equity for renovations or investing, or move to a loan with features that better suit them today.
Switching isn't always free. There can be discharge fees, application costs and, for fixed-rate loans, break costs. Comparing the potential savings against those costs shows whether refinancing makes sense for you, and how long it would take to come out ahead.
Estimated saving per month
$0
- Current repayment / month $0
- New repayment / month $0
- Saving per year $0
- Break-even on switching costs –
- Interest saved over the loan (after costs) $0
Estimate only, comparing principal & interest repayments over the same remaining term with constant rates. Excludes ongoing fees and features such as offset accounts.
Important: This calculator provides a general estimate only and does not take into account your personal circumstances or any lender's specific credit policy. It is not a quote, credit assessment or offer of credit. Speak with a Kingdom Capital broker for advice tailored to you.
Want a figure you can rely on?
Calculators give an estimate. Book a free, no-obligation chat and we'll check your numbers against real lender policies across our panel.