Calculators
Mortgage switching calculator
Use this calculator to explore an indicative scenario before speaking with a broker.
01Current loan
% p.a.
Years left
02New loan
% p.a.
New term
Net position
—
Current monthly—
New monthly—
Costs to switch—
Over timeBalanceComparison
$0$0$0$0
StartHover to scrub
Balance—
Comparison—
Assumptions
The comparison runs for the new term. A shorter new term raises the repayment and can raise total interest.Break costs are what you enter. A lender calculates the real discharge figure.Where a loan is involved, a lender still tests repayments at the interest rate plus the 3% serviceability buffer.
The calculations do not take into account all fees and charges. Results are estimates only and should not be relied on to make a loan decision. Interest rates and other costs can change. Calculator results are not an offer of credit or a pre-approval. Discuss your individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.
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We will check the inputs, lender policy, fees and the 3% serviceability buffer before you apply.
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You collect only the items relevant to your income and loan type.
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