Cash Out Amount
Remaining loan term:
26 years and 8 months
Savings over 10 years
Loan Term (In Years)
Savings over life of loan
Your Monthly Repayment
Estimated Up Front Fees
Go To Site
Loan Term (In Years)23.2save upto 3.4 years
Savings over life of loan$81ktotal savings
Loan Term (In Years)24.1save upto 2.5 years
Savings over life of loan$59.7ktotal savings
Loan Term (In Years)22.5save upto 4.1 years
Savings over life of loan$96ktotal savings
Loan Term (In Years)22.9save upto 3.7 years
Savings over life of loan$88.6ktotal savings
Loan Term (In Years)22.9save upto 3.7 years
Savings over life of loan$88.8ktotal savings
Loan Term (In Years)23.3save upto 3.3 years
Savings over life of loan$79.8ktotal savings
Loan Term (In Years)23.7save upto 2.9 years
Savings over life of loan$70.1ktotal savings
Loan Term (In Years)23.8save upto 2.8 years
Savings over life of loan$67.3ktotal savings
Advertised Rate4.19%Fixed - 2 years
Loan Term (In Years)25.1save upto 1.5 years
Savings over life of loan$39.1ktotal savings
Loan Term (In Years)24.0save upto 2.6 years
Savings over life of loan$62.6ktotal savings
A home loan with financial breathing space and flexibility
FeaturedFresh Start Basic Variable Home Loan
The CUA Fresh Start Basic Variable Home Loan is a no-frills home loan with a great variable rate.
ACL:238317 CUA terms and conditions
Do you need help with switching your mortgage from the Big 4 banks?
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The refinance calculator is a great tool to help you calculate how much you can save when switching your home loan.
Using the calculator, you can calculate your potential savings based on three different goals:
1. Pay less every month
If you simply want to pay less each month, the refinance calculator allows you to enter your current monthly repayment, outstanding loan amount and current interest rate, to work out the following:
- Current loan term: The length of time it will take to finish paying off your current home loan.
- Cheaper loans: Alternative home loans with cheaper monthly repayments.
- Saving calculation: A lot of people who are considering switching their home loan want to know how much they will save over time. Using the refinance calculator, you can define a time frame (e.g. 3 years) and calculate your total savings over that time frame (e.g. how much you will save in 3 years by switching).
2. Pay your home loan quicker
If your goal isn't to pay less each month, but to pay off your home loan more quickly, refinancing can still be a great option for you. Under this saving goal, the refinance calculator keeps your current monthly repayment fixed. When you switch to a loan with lower repayments, the extra savings goes towards paying off your loan principal. Therefore, while you are paying the same amount each month, a bigger portion of your payment goes towards your loan's principal rather than the interest charges, thus paying off your home loan quicker.
Paying your home loan quicker means you can save a lot of money in interest charges. When you set your goal to "Pay off my loan faster", the refinance calculator will show how much you'll save on interest charges in total.
3. Get cash out
Sometimes refinancing is a great way to save on a loan. If you're looking into consolidating debt, renovating your place, or just accessing some cash from your home loan, refinancing could be a great way to obtain that money. While interest rates for personal loans can range between 10% to 20%, a home loan interest rate could be less than 4%. If the value of your property has gone up since you took out your home loan, you may be able to refinance and access some of these capital gains as cash.
Cash Out & Monthly Repayment
When selecting "cash out" as a refinance goal, the calculator will allow you to enter the amount of money you want to access with your home loan, and show you how much you'll be paying each month towards this new home loan amount.
It is important to note that while mortgage interest rates tend to be much lower compared to those of personal loans, since home loans stretch out over a much longer period of time, comparing personal loans to home loans is like comparing apples to oranges.