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Refinance and save!

At FAA Lending, we provide quick, obligation-free reviews of your existing loan against current market options, to save you money in the long run.

Could your home loan be working harder for you?

Refinancing could help you secure a better rate, reduce repayments, unlock equity or invest.
You may also be able to use an offset account to reduce interest charges.
Book a FREE home loan review to explore your options.

Book a Lending Call
Try Refinance Calculator
Current Lender
Loan Amount Owing
Current Interest Rate
Drag & Drop Files, Choose Files to Upload, or Capture With Your Camera You can upload up to 2 files.
You can also upload a screen shot or PDF of your current home loan

Use this simple calculator to see see how a rate cut could change your repayments. Results are estimates only.

FAA Refinance & Mortgage Calculator

FAA home loan calculators

Choose one of the two calculators below.

Your current loan

How to use this calculator

  1. 1 Select your current lender.
  2. 2 Enter your remaining loan balance.
  3. 3 Check the example rate of 6.5% and enter your current rate if different.
  4. 4 Select a rate reduction to instantly see your estimated savings.
$
Allowed range: $1,000 to $5,000,000
%
Allowed range: 0% to 10%
$
We assume the same balance in a 100% offset account on both loans.
4 Select how much your rate reduces (example only)

The reduction is in percentage points, with a minimum new rate of 0%. We compare monthly repayments over the same remaining term. Weekly and yearly savings are equivalents. Switching costs and fees are excluded.

Estimated savings

The first three figures show the change in minimum repayments. The last figure compares first-month interest after applying your offset.

Weekly (est.)$—
Monthly (est.)$—
Yearly (est.)$—
First-month interest saved after offset$—

Please review your household income and savings, then click again to download your summary for the FAA Lending enquiry portal.

General estimates only. Excludes fees, cashback offers, redraw features, and lender policy differences. Refinancing options depend on your personal circumstances. Speak with a lending specialist for information tailored to you.

Loan details

All results update live as you type. P&I loans only.

$
Allowed range: $1,000 to $5,000,000
%
Allowed range: 0% to 10%
$
Combined income before tax. Used to show the share going towards repayments.
Optional extras
Deposit, offset balance & extra repayments
$
Reduces the amount borrowed. $0 – $4,999,000
$
Deducted from balance before interest is calculated. $0 – $5,000,000
$
Reduces principal faster — shows time saved. $0 – $50,000/month
Compare a second rate
See two scenarios side by side
%
Allowed range: 0% to 10%

Estimated repayments

Minimum principal and interest repayments for three separate payment schedules. Totals and income share use the monthly schedule, including any extra payments.

Weekly$—
Fortnightly$—
Monthly$—
Monthly payment incl. extras$—
Share of gross household income—
Total interest paid$—
Total amount repaid$—
General estimates only. Repayments vary by lender, product, fees, loan structure and your circumstances. Rates and offset balances are held constant. Interest compounds at the repayment frequency, with payments at period end. Fees are excluded. Income share does not assess borrowing capacity or account for tax or living expenses.
Speak to a Lending Specialist