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Refinance Break Cost Analysis

Should you break your fixed rate? See if the savings outweigh the costs.

Your Numbers

Savings Analysis

Monthly Saving

$229.00

Total over 18mo

$4,122

Total Break Costs

-$8,850

Net Benefit / Cost

-$4,728

The break costs outweigh the rate saving over the remaining fixed period.

Break-Even Point

39 months

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LK Compareby Local Knowledge Finance

Tools for illustration only. Not financial advice. Ding Financial Pty Ltd (trading as Local Knowledge Finance) ACN 110 490 947. Authorised Credit Representative Number 517980 of Global Mutual Funds Pty Ltd ACN 090 555 436 AFSL/Australian Credit Licence 222640.