Free Refinance Calculator
See what switching lenders could actually be worth
Compare your current loan against a new rate or structure to get a feel for the potential savings, before you commit to a full refinance review.
With 23+ years in financial services, I look at the full picture, not just the headline rate, before recommending a refinance.
Prefer to talk first? Call Durand direct on 0450 275 656
Run your numbers
Enter your current loan details alongside a comparison rate and term to see how the numbers stack up. It takes less than a minute.
This comparison doesn’t include exit fees, discharge costs, new lender fees or any cashback offers, all of which can affect whether refinancing is worthwhile.
What actually determines your refinance savings
Four moving parts sit behind every refinance comparison. Understanding them helps you read the calculator’s result the right way.
Your current rate vs a new rate
The gap between what you’re paying now and what’s genuinely on offer is the starting point, but it’s rarely the full story.
Remaining loan term
Refinancing to a fresh 30-year term can lower your repayment but may extend how long you’re paying interest overall.
Switching and exit costs
Discharge fees, new loan establishment costs and any break costs on a fixed rate all eat into your potential savings.
Loan structure and features
Offset accounts, redraw facilities and the ability to split your loan can matter as much as the rate itself.
Your current rate vs a new rate
The gap between what you’re paying now and what’s genuinely on offer is the starting point, but it’s rarely the full story.
Remaining loan term
Refinancing to a fresh 30-year term can lower your repayment but may extend how long you’re paying interest overall.
Switching and exit costs
Discharge fees, new loan establishment costs and any break costs on a fixed rate all eat into your potential savings.
Loan structure and features
Offset accounts, redraw facilities and the ability to split your loan can matter as much as the rate itself.
Why a real refinance outcome can differ from the estimate
A calculator compares two rates on paper. A genuine refinance review looks at whether switching actually leaves you better off.
The advertised rate isn’t always the rate you’ll get
Your new rate depends on your current equity position, credit history and the lender’s own risk appetite for your situation.
Break costs can outweigh the savings
If you’re self-employed, earn commission or bonuses, or run income through a business or trust, a calculator can’t account for that nuance.
Cashback offers come with conditions
Refinance cashback incentives are attractive, but often carry minimum loan terms or fees that reduce the net benefit if you switch again too soon.
Sometimes a rate review beats a full refinance
In some cases, negotiating with your current lender achieves a similar outcome without the cost and effort of switching.
The advertised rate isn’t always the rate you’ll get
Your new rate depends on your current equity position, credit history and the lender’s own risk appetite for your situation.
Break costs can outweigh the savings
If you’re self-employed, earn commission or bonuses, or run income through a business or trust, a calculator can’t account for that nuance.
Cashback offers come with conditions
Refinance cashback incentives are attractive, but often carry minimum loan terms or fees that reduce the net benefit if you switch again too soon.
Sometimes a rate review beats a full refinance
In some cases, negotiating with your current lender achieves a similar outcome without the cost and effort of switching.
The advertised rate isn’t always the rate you’ll get
Your new rate depends on your current equity position, credit history and the lender’s own risk appetite for your situation.
Break costs can outweigh the savings
If you’re self-employed, earn commission or bonuses, or run income through a business or trust, a calculator can’t account for that nuance.
Cashback offers come with conditions
Refinance cashback incentives are attractive, but often carry minimum loan terms or fees that reduce the net benefit if you switch again too soon.
Sometimes a rate review beats a full refinance
In some cases, negotiating with your current lender achieves a similar outcome without the cost and effort of switching.
From estimate to strategy in five steps
Once you’ve run the numbers, here’s what working with Durand actually looks like.
Why clients work with me
The calculators are free for anyone to use. What sets the outcome apart is the strategy built around your actual numbers, delivered by the same person from start to finish.
“Durand was amazing, he walked us through the process every step of the way, always available to explain things, prepared very thorough loan applications, professional, friendly with great communication skills.”
Shane, verified Google review
23+
Years in financial services
70+
Lenders on panel
5★
Client feedback
1:1
End-to-end service, no handoffs
Refinance calculator FAQs
How is my refinance saving calculated?
By comparing your current repayment against an estimated repayment on a new rate and term, based on the loan amount you enter.
Does this calculator include exit and switching fees?
No. It compares repayment figures only. A genuine refinance review needs to weigh those fees against the ongoing savings to see if it’s worthwhile.
Will I face a break cost if I refinance?
Only if you’re on a fixed rate and refinance before the fixed term ends. Variable rate loans generally don’t carry a break cost.
Is refinancing always worth it if the rate is lower?
Not always. Fees, your remaining loan term and how much equity you hold can all affect whether the switch genuinely leaves you ahead.
Can I refinance to access equity as well as get a better rate?
Yes, this is common, though it changes the loan amount and needs to be assessed alongside your reasons for accessing that equity.
I've run the comparison, what's next?
A proper review of your current loan, your goals and what’s genuinely available across our panel of lenders, so any decision to switch is based on your full picture, not just the rate.
Related reading
Once you’ve run your numbers, these might be useful next.
What to consider when refinancing?
The key factors to weigh up before switching lenders, to sit alongside your comparison estimate.
Why seeing a mortgage broker is better than going direct to the bank
How a broker’s panel of lenders can widen your refinance options beyond your current bank.
What to consider when refinancing?
The key factors to weigh up before switching lenders, to sit alongside your comparison estimate.
Why seeing a mortgage broker is better than going direct to the bank
How a broker’s panel of lenders can widen your refinance options beyond your current bank.
What to consider when refinancing?
The key factors to weigh up before switching lenders, to sit alongside your comparison estimate.
Why seeing a mortgage broker is better than going direct to the bank
How a broker’s panel of lenders can widen your refinance options beyond your current bank.
Explore our other calculators
This is one of six free tools. Here are the other five.
Loan repayment
Borrowing power
Stamp duty
Extra repayments calculator
Home loan offset calculator
Loan repayment
Borrowing power
Stamp duty
Extra repayments calculator
Home loan offset calculator
Ready to turn your estimate into a strategy?
Tell us what you’re working toward and we’ll review your actual numbers, not just a calculator estimate.
Prefer to talk now? Call 0450 275 656 or email durand@willowandreedprivate.com.au