Empower Financial
Refinance Reality Check

Find out if refinancing is actually worth it.

Compare your current loan against a new one and find out precisely how many months it takes for the savings to outweigh the switching costs.

  • See your break-even point in months
  • Compare total interest and fees side by side, current vs new
  • Factor in offset savings and see the real impact on your loan
Ryan
Ryan Loh
Empower Financial
0431 381 596
💡 Bookmark this page. Come back anytime to update your position from time to time.
🏦 Current Loan
Note: Loan balance = current loan balance + any funds available in redraw.
Reminder: This loan is on a fixed rate. Check with the current lender for a break cost quote before proceeding — break costs are not included in this calculation and can be significant.
✨ New Loan (Refinance)
Refi upfront cost approx. $900 covers government charges and discharge fee.
💳 Ongoing Fees
💰 Offset on New Loan
🏠 Property Value
⏱️ Refinance Breakeven
— months
Enter your loan details to see your breakeven point.
CurrentNew
Interest Rate——
Monthly Repayment (Principal & Interest)——
Total Interest (over term)——
Annual Fees——
Monthly Saving——
Offset Impact
— / year saved
Add your average offset balance to see the annual interest saving.
Loan-to-Value Ratio (LVR)
— LVR
Enter your loan and property details to see your LVR.
Estimated Equity Available
—
Enter your property value to estimate usable equity.
Equity like this is commonly used for:
  • Deposit for your next property
  • Renovations to boost your home's value
  • Consolidating higher-interest debts
  • A buffer for your family's next opportunity
  • Purchasing a car
  • Funds for kids' education
Want to know which of these makes sense for you? Reach out for a chat.