Calculate how much you could save by refinancing your home loan. Includes break cost analysis for fixed-rate loans and true cost comparison.
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Refinancing can save thousands but involves costs. The "break-even point" is when your cumulative monthly savings exceed the total refinancing costs. Most Australians benefit from reviewing their home loan every 2–3 years.
If you exit a fixed rate loan early, your lender may charge a break cost (also called an early repayment adjustment). This can be substantial — sometimes tens of thousands of dollars. Always obtain a written break cost quote before refinancing.