What costs are involved in refinancing?

Typically a discharge fee from your current lender plus government fees — often $500-$1,000 total. Cashback offers frequently exceed these costs entirely.

How do I find out my current interest rate?

Check your loan statement, banking app, or ask your lender. A surprising number of people are shocked by the answer — rates drift up quietly over time.

When is refinancing not worth it?

When savings are tiny, your loan is nearly paid off, break costs on a fixed rate outweigh gains, or your circumstances have changed in ways that limit options. We'll tell you honestly either way.

Can I refinance and keep my repayments the same?

Yes — and it's a powerful strategy. Keep paying your old repayment at a lower rate, and the difference attacks your principal directly, shortening the loan.

Free Tool

Refinance Savings Calculator

Enter your current loan and rate, then a comparison rate, and see the monthly and lifetime difference. If the numbers look good, our free review confirms them against real lender pricing — including cashbacks and switching costs.

Current loan balance$500,000

$50k$2M

Current interest rate6.80%

2%12%

New interest rate5.90%

2%12%

Remaining term25 years

1 yr30 yrs

Monthly saving

$279

Current repayment$3,470

New repayment$3,191