Refinance Savings Calculator
Compare indicative repayments and interest between an existing rate and a possible new rate.
An estimate is the beginning.
Change the inputs, compare the result and download a branded report—then verify important decisions against actual lender policy and your complete circumstances.
Refinance savings calculator
Compare indicative repayments at two rates before switching costs and feature differences.
Download this calculation as a PDF.
The report includes the figures currently shown, Rockvale Finance contact details, the calculation assumptions and an important disclaimer.
Results are estimates only and do not constitute credit, financial, tax or legal advice. They exclude some fees and may use simplified assumptions. Actual repayments, borrowing capacity, tax, costs and eligibility depend on lender or government rules and your complete circumstances.
Turn the estimate into a better question.
A lower repayment can be useful, but the refinance decision should compare total cost, loan term, features and the purpose of switching.
- 01Enter the current loan balance
- 02Compare the existing and proposed rates
- 03Estimate discharge and switching costs
- 04Review the break-even period
Important considerations.
- Fixed-rate break costs may apply
- Resetting to a longer term can increase lifetime interest
- Offset, redraw and package features can change
- The comparison rate may not reflect your exact loan amount
When does refinancing break even?+
The indicative break-even point is the switching cost divided by the estimated monthly repayment difference, but feature value and total interest also matter.
Should I refinance whenever rates fall?+
Not automatically. Eligibility, costs, remaining term, features and future plans should be considered together.