financialservicesonline

Australian Insurance, Finance, Superannuation & Investment Resources

Income Insurance Calculator

:: Calculators :: Mortgage Refinance Comparator

Need a Quick Home Loan Quote? Start Here

Mortgage Refinance Comparator

Compare home loan refinancing costs & benefits

Home Loan Resources

Home Loans HomePage Home & Contents Insurance Home Loan Eligibility Assessment Apply for a Home Loan Now

Home Loan Calculators

Home Loan Repayment Calculator Home Loan Refinance Calculator Fortnightly Mortgage Payment Comparator

Home Loan Articles

23 Quick Home Loan Tips Home Refinance Pros & Cons Choosing a Home Loans Mortgage Broker Getting A Home Loan With Bad Credit Finding The Right Home Loan Is Now The Time To Refince Your Home?

This calculator will help you to determine the short and long-tem benefits (or otherwise) of refinancing a home loan. Simply enter the details of your existing loan and a proposed loan alternative ... and let the calculator do the rest!

Details of Your Existing Loan:
Original Loan Amount: $  
Original Term of Loan (in years):  
Current Loan Balance: $  
Current Interest Rate: (per annum)
   
Your Proposed New Loan:
Your new loan amount:  
Your new mortgage term: (in years)
Your new interest rate: (per annum)
Your estimated refinancing costs: (per cent)
How long would you expect to stay in your home after refinancing?   
(in years)
   
Comparison Scenarios:
Note: Scenario 1 (below) assumes that repayments are adjusted as required to service the new loan. Scenario 2 assumes that repayments are kept the same.
a. Payment Savings Analysis Scenario 1 Scenario 2
Existing Loan Payment:*
New Loan Payment:*
Monthly Saving/Cost:
*Monthly payment amounts above include principal and interest only. Monthly taxes and insurance are not included.
Scenario 1 Scenario 2
Principal reduction of existing loan if you DO NOT refinance:   
Principal reduction of existing loan if you DO refinance:  
Gain/Loss from difference in the principal reduction:  
   
c. Estimated Cost to Refinance: Scenario 1 Scenario 2
Your estimated refinancing costs:
Total Cost to refinance:
   
Total Savings/Loss With This Scenario: Scenario 1 Scenario 2
(a+b+c)
 

Financial Calculators

Loan Finance Calculators
Mortgage Repayment Calculator

Calculate monthly mortgage repayments on various home loan amounts and interest rates.

 Home Refinance Calculator

Compare the cost/benefits of refinancing your home loan.

 Fortnightly Mortgage Repayment Comparator

Compare the effect of paying monthly mortgage payments as opposed to paying fortnightly.

 Bike Loan Calculator

Calculate and compare monthly repayments for a motorcycle loan.

 Boat Loan Calculator

Calculate and compare monthly boat repayments.

 Business Loan Calculator

Calculate and compare monthly repayments for a business loan.

 Business Equipment Lease Calculator

This calculator will help to calculate the lease finance repayments on new business plant and equipment.

 Car Loan Calculator

Calculate and compare monthly car loan repayments.

 Car Lease Calculator

This calculator will help to calculate the lease finance repayments on a new car.

 Caravan Loan Calculator

Calculate and compare monthly caravan repayments.

 Jetski Loan Calculator

Calculate and compare monthly jetski repayments.

 Personal Loan Calculator

Calculate and compare monthly repayments on a personal unsecured loan.

 Truck Loan Calculator

Calculate and compare monthly repayments on a truck loan.

 Truck Lease Calculator

This calculator will help to calculate the lease finance repayments on a new truck or commercial vehicle.
More Calculators
Insurance & Financial Planning Calculators
Life Insurance Calculator

Calculate the amount of life insurance protection you need to meet your objectives.

 Income Protection Calculator

Our income insurance calculator estimates the monthly income insurance benefit that you can buy.

 Contents Insurance Calculator

Use our home and contents insurance calculator for a room by room evaluation of your household contents and personal effects.

 Currency Conversion Calculator

Compare currency exchange rates for all major international currencies.

 Financial Goals Calculator

Plan for your future by setting financial goals with this handy calculator.

 Net Worth Calculator

Find out if you are where you should be financially.

 Retirement Savings Calculator

Find out whether your retirement savings are on track to meet your longer term needs.
More Calculators

Financial News & Information

Popular Finance Articles
Credit Card Secret Guarantee
Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure their purchases.
How to Buy a House with Bad Credit
Most people would expect that a bad credit rating would make it impossible to get a mortgage to buy a home - but it's not as simple as that. Can you buy a house with bad credit? The short answer is YES, but it is not all that easy.
Credit Cards: Identity Theft and Credit Protection
Credit card fraud and identity theft have become widespread not only on the Internet but offline as well. Learn how to avoid these risks and protect your identity as well as your finances or credit line.
Why Payday Lending Enhances Consumer Welfare
Today, We’ll defy the critics and demonstrate why consumer welfare is enhanced within a competitive payday-lending environment.
More Finance Articles
Recent Finance Articles
Knowing these loan finance options will make borrowing easier and save you money
Knowing these 6 types of loan finance options will make it easier for you do deal with brokers and lenders. Once you go from asking for a loan to asking for a "novated lease with a 45% balloon payment" you will be in a far better position to negotiate your loan with confidence.
Choosing the Right Bank
Financial institutions are located all around the world. If you are looking to open a bank account, whether that bank account is a transactional account or a savings account, you have a number of banking options.
The Truth Behind Payday Loans
There’s a lot been said about payday loans. Many claim that the interest rates charged are outrageous. Others say that they are the only source of finance available for those with less than perfect credit score. There is a bit of truth in both claims but there is much more to payday loans than meets the eyes.
Balloon Payment Loans: 6 steps to make the loan profitable
Did you know that you can reduce the monthly payments on a loan to half of what they should be by using a balloon payment? Handled correctly, structuring your loan to include a Balloon Payment will increase your bottom line. Mishandled, a Balloon Payment can cause real headaches. Here are 6 steps to keep it smart.
More Finance Articles


Copyright 2001-2022 Clark Family Pty Ltd
Important: Financial Services Online is a referral service. We provide general information only and we do not offer financial advice. We refer all insurance, finance and other enquiries that are initialted on this and our associated websites to specialist advisers who are licensed in their respective fields. You should always seek professional advice before making important financial decisions.
';