Home Loan Refinance Calculator: Compare Your Current Loan to a Better Deal

Compare your current mortgage with a new home loan option and instantly see the difference in repayments, total interest and long‑term cost. A simple way to understand whether refinancing or switching lenders could save you money.

How to Use This Calculator

Enter your current home loan details including your loan balance, interest rate, remaining term and repayment frequency.
Then enter the new home loan scenario, including any cash‑out or equity release you want to access.
The calculator will automatically work out your new loan amount and compare repayments and total interest so you can clearly see the financial impact of switching lenders.

Mortgage Switching Calculator

Current Loan

Current Loan Balance ($) Current Interest Rate (%) Remaining Term (years) Repayment Frequency

New Loan Option

Current Loan Balance ($) Cash-Out / Equity Release ($) New Loan Amount (auto-calculated) New Interest Rate (%) New Loan Term (years) Repayment Frequency

Your Results

Current Loan Repayment: —

New Loan Repayment: —

Current Total Interest: —

New Total Interest: —

Repayment Difference: —

Total Interest Difference: —

Cash-Out Included: —

This calculator provides an estimate only and does not include all fees and charges. Results are for general information and should not be relied upon for loan decisions. Consider speaking with a qualified credit professional to discuss your individual circumstances.

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Home Loan Refinance Calculator