Switching Mortgage Calculator

Thinking about your options? Discover the potential savings that switching your loan could create with our switching mortgage calculator. To use the calculator simply:

  • Enter the estimated property value, loan amount, loan period and repayment frequency in the top left section of the calculator.
  • Add the termination fees and differing interest rates in the ‘current loan’ and ‘new loan’ tabs
  • The comparison is shown in the bottom right table
What is the estimated value of your property?
$
The amount owing on your current loan
$
The number of years remaining for your current loan
years
The interest rate for the loan.
% p.a.
Does the loan have an introductory period with a different interest rate?

Yes

No

Are there any fees for terminating your existing loan?
$
Is there a regular monthly fee for the loan?
$
The interest rate for the new loan.
% p.a.
Does the new loan have an introductory period with a different interest rate?

Yes

No

Are there any fees for applying for the new loan?
$
Is there a regular monthly fee for the new loan?
$

Your Repayments

  • Weekly
  • Fortnightly
  • Monthly
Introductory Repayments Repayments Total Payable
Current Loan $843.86 $843.86 $151,894.23
New Loan $790.80 $790.80 $142,343.23
Savings $53.06 $9,551.00

Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House's prevailing credit criteria apply. We recommend you seek independent legal and financial advice before proceeding with any loan. * The interest rate shown on Toggle products is a blended rate comprised of 50% fixed interest rate and 50% variable interest rate. The Comparison Rate for each of the home loan products contained in this page is based on a loan of $150,000 over a 25 year term. Fees and charges may be payable. * This mortgage calculator shows indicative repayments based on 12/26/52 equal repayments for monthly/fortnightly/weekly options.

WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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