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Onlend

Tool

Refinance comparison

Compare your current loan with a proposed one on the same term, and see how long switching costs take to recover.

Estimate repayments instead

Your assumptions

Example values are filled in. Both loans use the same remaining term.

Discharge, application, settlement and any break costs. Treated as paid in cash, not added to the loan.

Estimated comparison

Current loan

$3,748 / month

$3,758 including monthly fee

Proposed loan

$3,577 / month

$3,577 including monthly fee

Monthly cash-flow difference

$181

Less going out each month on the proposed loan, including monthly fees.

Total modelled cost difference after switching costs
$52,718
Lower over 25 years, repayments plus fees plus upfront costs.
Simple cash-flow break-even
9 months
Switching costs ($1,500) ÷ monthly difference ($180.73).