Mortgage Switching Calculator
Compare your current loan with a new one, accounting for switching costs and any cashback.
$
%
%
$
$
5-yr saving
$22,364
Lower estimated total cost
Monthly repayment diff
$342.74
New loan is lower
Break-even
0 mo
after switching costs
Current @ 6.99%$3,531
New @ 5.89%$3,188
Want Ryan to talk you through the numbers?
No login, no forms until you're ready. Free chat, no obligation.
Key assumptions
- Both loans use the same remaining term.
- Cashback treated as an offset against switch costs.
- Doesn't factor rate changes over time.
This calculator provides a general estimate only. Results are based on the information entered and the assumptions shown. Actual lender calculations, fees, rates, eligibility criteria and outcomes may vary. The results are not a loan approval, credit advice, financial advice, legal advice or tax advice. Speak with Box Seat Finance for an assessment based on your individual circumstances.