Refinancing Logic -
Thinking about refinancing your loan?
Refinancing isn't just about a lower interest rate. It's a strategic review of your entire financial position.
Thinking about refinancing your loan? We look at your current loan structure, the potential savings, and the hidden costs of breaking your existing agreement to determine if a change is truly in your best interest.
Interest Rate
The headline rate is just the starting point. We calculate the total cost of your loan over its life to see if a lower rate truly saves you money.
Loan Features
Are you looking to switch from interest-only to principal and interest? Or perhaps you need a longer loan term to manage your repayments?
Exit Costs
Break costs and discharge fees can be significant. We ensure these costs are outweighed by the long-term savings of your new loan structure.
Compare Your Options
Refinancing isn't just about the headline rate. We compare your current loan against potential new options to identify the most effective path for your financial goals.
Feature
Current Loan
New Loan Option
Estimated Savings
Interest Rate
6.20% p.a.
5.85% p.a.
Rate Difference
Monthly Repayment
$3,000
$2,850
Monthly Savings
Total Interest Remaining
$350,000
$310,000
Total Savings
Results are estimates only. Actual terms depend on your individual circumstances and lender assessment.