Refinance Calculator
See whether a proposed refinance could improve monthly cashflow and the remaining total cost of your loan.
- Free to use with no signup
- No impact on your credit score
- Clear estimates you can adjust
Reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 24 August 2026 · About Corey
Important information
General estimate only. Use a current payout figure and confirm every switching cost, feature and lender term before making a refinance decision.
Detailed assumptions and limitations
- The current total is your entered monthly repayment multiplied by the entered months remaining.
- The refinance fee is treated as financed and the monthly account fee is added to each repayment.
- The calculator assumes level principal-and-interest repayments and no balloon.
- Rate changes, late fees, early repayments and any unentered payout costs are excluded.
FAQ
Will refinancing actually save money?
Compare both the immediate cashflow and the full remaining cost.
It compares the monthly and remaining total repayments you enter for your current loan with the estimated repayments for a proposed new loan.
Restarting or extending the term can add more repayment months, so total cost can rise even when monthly cashflow improves.
Include establishment, payout, early-exit and other known switching costs in the refinance fee so the comparison is more realistic.
No. Confirm the payout figure, all fees, comparison rate, features and approved terms before switching.
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