Home loan rate review
Home Loan Rate Review Calculator
See how your current rate compares with the best live rates that match your loan. Then compare staying, asking your lender for a better rate, or refinancing.
Uses protected live rates. No credit enquiry or contact details are required. Restricted or specialist pricing is excluded from the headline match.
RATE REVIEW RESULT
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Your three choices
Stay, ask for a better rate, or refinance
1
—StayKeep the current loan
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2
—RepriceAsk the current lender
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3
—RefinanceBest matching live rate
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What the result means
We compare interest, recurring fees and entered switching costs. Principal repayments are kept separate.
Current-loan cost
Best-match refinance cost
What to pay attention to
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Want the actual products and costs checked?
A broker can confirm the current lender’s retention offer, lender valuation, product eligibility, fees, features, break costs and whether refinancing is worthwhile for your circumstances.
Best live matches for your scenario
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How rates are chosen: clearly restricted or specialist products are excluded. The lowest broad exact match drives the refinance result, and the best exact match from the recognised-bank group is shown separately.
What if rates move higher?
The best-match path is recalculated at the selected rate, then 0.50%, 1.00% and 2.00% higher.
| Scenario | Rate | Scheduled payment | 3-year interest & fees | 3-year net saving |
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How the finance outcome changes over time
The line shows cumulative net finance saving after the entered switching costs. The table keeps finance cost and projected loan balances separate.
| Year | Current interest & fees | Refinance interest & fees | Switching costs | Net finance saving | Current balance | Refinance balance |
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Calculation method and boundaries
Scheduled repayment
P&I uses the standard monthly amortising repayment over the remaining term. Interest-only uses monthly interest on the interest-bearing balance.
Offset treatment
The entered offset is held constant and reduces interest charged. It is not treated as a repayment, deposit or guaranteed future balance.
Net finance saving
Current interest and recurring fees are compared with replacement interest, recurring fees and entered switching costs. Principal reduction is excluded from “cost”.
Live match boundary
A rate row match is not a full policy, valuation, credit, feature or approval assessment. Comparison rates use a prescribed example that may not represent this loan.
Reprice path
A confirmed rate entered by the user takes priority. Otherwise a matching current-lender rate row may be shown as market evidence, not an offer.
High-LVR LMI
Above 80% LVR, only a user-entered possible LMI estimate is included. No premium or eligibility outcome is invented.
Not modelled automatically
Unknown break costs, cashback clawbacks, tax effects, exact daily lender posting, package benefits and advice suitability are not invented.
Use the result in context
A lower rate is only useful when the full switch works.
Common questions
Rate review calculator FAQs
How is the best matching rate chosen?
The calculator searches the live rate table using your loan amount, occupancy, repayment type, LVR, target rate type and selected features. Clearly restricted or specialist products are excluded. The lowest broadly available exact match is used for the refinance result, and the best recognised-bank match is also shown separately.
Does the calculator include refinance costs?
Yes. It includes the other refinance costs and confirmed break cost entered by the user when calculating break-even and 1-, 3- and 5-year net finance savings.
Does the offset reduce the scheduled repayment?
Usually the contractual P&I repayment is based on the loan balance and term. In this model the offset reduces interest and can accelerate principal reduction; it is not automatically treated as a lower required repayment.
Is a matching product available to me?
Not necessarily. The protected service matches the fields supplied to a published rate row. Full lender policy, valuation, credit assessment, product conditions, features and final pricing still need confirmation.
General information only. Results are indicative planning estimates based on the inputs and matching live rate rows. This is not a credit assessment, product recommendation, approval prediction, lender valuation, personalised financial advice or refinance offer. Confirm current lender pricing, break costs, all fees, product features, lender policy and suitability before acting.
Have a broker check this rate review
Your calculated summary and any selected product will be included. This sends an enquiry—not a credit application.
Rate review ready