This calculator helps you determine whether refinancing to a new loan is the right option for you.

Assumptions

• Interest is compounded at the same frequency as the selected repayment frequency.
• A year is assumed to have 26 fortnights or 52 weeks (364 days).
• Calculations are not rounded during the process, although repayments are typically rounded to the nearest cent in practice.
• Loan features such as redraw facilities and offset accounts are not included.