Should you switch?

Compare your current loan with a proposed rate.

Add the rates, ongoing fees and one-off switching costs to estimate the repayment difference and how long it could take to break even.

Compare your current and proposed home loan

Enter your current rate, a proposed rate and the costs of switching to estimate the repayment difference, break-even point and potential saving.

Your current loan
Proposed loan
One-off switching costs
Current loan
$3,694/month

At 6.25% over 30 years, plus $0 in annual fees.

Proposed loan
$3,501/month

At 5.75% over 30 years, plus $0 in annual fees.

What the switch could mean

Monthly difference incl. annual fees
$193 saved
Switching costs
$600
Estimated break-even
4 months
Net saving over the term
$68,832

This calculator provides general information and estimates only. It is not a recommendation or personal credit assistance. Millie is not a broker. If you request an introduction, any credit assistance is provided by the licensed home loan partner.

Repayments assume monthly principal-and-interest payments and the same loan balance and remaining term for both options. Actual fees and savings may differ.