It's a great tool if you're looking to refinance your mortgage to see if you'll be better off with a different home loan after you pay the fees to make the switch.
A mortgage is a massive financial commitment, so you want to be certain that you make the right choice. When your financial circumstances change, what you need from your mortgage can change too.
The calculator isn't an all-inclusive comparison of loan varieties, but it'll give you an indication how other products compare. Remember that your Lender's Mortgage Insurance could be affected too, if the amount you have borrowed is greater than 80% of the property value.
At Positive Home Loans we are here to help you make wise financial decisions for every time in your life. We'll help you to explore the options by comparing loan products, and matching you to the best mortgage option. For a free consultation and a personal assessment, call 1300 366 287 today or complete a home loan health check enquiry, and one of our experienced brokers will call you to answer all of your questions.