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Use this simple calculator to see how a rate cut could change your repayments. Results are estimates only.
FAA Refinance & Mortgage Calculator
Refinance & Mortgage Calculator
Fast estimates that can show you what your loan repayments may look like.
Your current loan
How to use this calculator
1 Select your current lender.
2 Enter your remaining loan balance.
3 Enter your current interest rate (e.g. 6.25).
4 Select a rate reduction to instantly see your estimated savings.
$
Allowed range: $1,000 to $5,000,000
%
Allowed range: 0.01% to 10%
Estimates assume a standard 30-year term (principal and interest).
4 Select how much your rate reduces(example only)
Each option below subtracts that percentage from your current rate and recalculates your monthly repayment using the same loan balance and 30-year term. The difference between your current repayment and the new lower repayment is your estimated saving — shown weekly, monthly, and yearly. A smaller rate means less interest charged each month, so more of each repayment reduces your principal.
Estimated savings
Based on the selected rate reduction and the same 30-year term.
Weekly (est.)$—
Monthly (est.)$—
Yearly (est.)$—
Income details
Your income is the primary indicator of borrowing power. Other factors apply, but income is where lenders start.
$
Annual gross income
$
Annual gross income (if applicable)
Please fill in your income details, then click again to download your summary for the FAA Lending enquiry portal.
General estimates only. Excludes fees, cashback offers, offset impacts, 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: 0.01% to 10%
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 – $50,000/month
Compare a second rate
See two scenarios side by side
%
Allowed range: 0.01% to 10%
Estimated repayments
Principal & interest, based on your inputs. Results update as you type.
Weekly$—
Fortnightly$—
Monthly$—
Total interest paid$—
Total amount repaid$—
—
Your rate
Comparison rate
Amortisation snapshot
Year
Principal paid
Interest paid
Balance remaining
General estimates only. Repayments vary by lender, product, fees, loan structure and your circumstances. Offset and extra repayment savings are indicative only.