Refinance Savings Calculator
Your details
Calculator assumptions
This calculator uses the current lowest advertised interest rates from the Open Banking Data API, which is made publicly available as part of the Australian Government's introduction of the Consumer Data Right legislation.
It is important to understand:
The calculator's results do not consider your personal financial situation. Before acting on these results, evaluate their suitability for your circumstances. We suggest consulting with one of our home loan experts or a professional advisor for decisions tailored to your financial needs.
The outcomes do not represent a loan quote or pre-qualification.
The interest rates are current as of the calculation date but may vary over time.
The estimate provided is just that—an estimate of potential savings or borrowing capacity based on your inputs. It does not account for applicable lender fees and might differ upon a full application. This information is accurate as of the calculation date and subject to change without notice.
The images or content displayed on the Koalify website, which feature financial product details including interest rates, are solely for demonstration purposes. The Koalify website does not endorse any specific credit products, and nothing contained within the site should be interpreted as offering credit advice. Should you opt to engage with a Koalify home loan expert, credit assistance might then be provided, at which point you will receive the pertinent information and documentation relevant to your interaction. Access and use of this site and any of its services are governed by our Terms & Conditions and Privacy Policy.
Your estimate
Estimated savings with the current lowest rate for new loans
$0 / monthBased on owner-occupied rates- New repayment estimate
- $0 / month
- Estimated lifetime loan saving over the remaining term
- $0
Your broker can compare 30+ lenders to find a rate that works for you.
Are you contemplating refinancing your home loan in Australia? Our easy-to-use refinance calculator is designed to simplify this decision for you. By comparing your current mortgage against some of the most competitive low-rate options available in the market, this tool is your first step towards significant financial savings.
How Does the Refinance Calculator Work?
Our user-friendly refinance calculator is a powerful tool that helps Australian homeowners understand the potential benefits of refinancing their mortgage. Here’s how it works:
Input Your Current Mortgage Details
Start by entering the balance of your existing loan, your current interest rate, and any additional monthly charges associated with your mortgage.
Specify Loan Duration
Let the calculator know the remaining period of your loan. This is crucial in determining how refinancing can affect the length of your loan and your overall interest savings.
Compare and Analyse
Once you provide the necessary details, the calculator will display how much you could lower your monthly payments by switching to a different loan. It also calculates the total interest you could save over the remaining duration of your loan.
Benefits of Using Our Refinance Calculator
Personalised Analysis
Informed Decision Making
Future Financial Planning
Why Consider Refinancing?
Refinancing your home loan in Australia can be a wise financial move. Here are some reasons to consider it:
Lower Interest Rates
Take advantage of lower rates to reduce your monthly payments and total interest cost.
Debt Consolidation
Consolidate your debts into your mortgage for easier management and potentially lower interest rates.
Loan Term Adjustments
Alter the length of your loan term, either by shortening it to pay off your mortgage faster or extending it for lower monthly payments.
Access to Equity
Refinancing can also free up the equity in your home for renovations, investments, or other expenses.
Get Started Today
Ready to see how much you could save by refinancing your home loan? Use our refinance calculator today and take the first step towards a more financially savvy tomorrow. Remember, the right refinancing option can lead to substantial savings and help you achieve your long-term financial goals with ease.
Ready to refinance?
Compare rates from multiple lenders to see how much you could save
