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How can I calculate my savings from refinancing?

To help assess whether refinancing is worthwhile for you, use our Qantas Money Home Loan refinance calculator.

There are also costs associated with refinancing your home loan. The fees to refinance usually include:

  • fees to close your existing loan (such as discharge fees, or break fees for fixed home loans); and
  • fees to open a new loan (such as government fees or third-party fees).

To calculate how long it may take to break even, divide the total refinancing costs by your estimated monthly savings from refinancing.

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