"Total Cost" compares each loan on its own minimum repayment over the full loan term, including ongoing fees — the New Loan's total also carries the one-off bank and government switching costs, so it's a genuine like-for-like comparison, not just a rate comparison. "Years saved" models a different, separate scenario: keeping today's repayment amount but paying it at the new, lower rate, so more goes to principal and the loan is paid off early. Estimates only.

Generate Summary

Type any rate directly. Modelled as Principal & Interest over a 30-year term.

The combined minimum currently being paid across the credit cards and car/other loans above — used directly rather than re-calculated, since card minimums aren't a simple P&I formula.

Compares total cash paid over 10 years in each scenario, at minimum repayments throughout: home loan (P&I, 30yr, at your variable rate) plus the current minimum on other debts, versus one consolidated loan (home balance + card limits + car/other loans owing) at the offer rate, also P&I over 30 years. The term remaining on car/other loans is captured for your reference but isn't separately amortised, since only a combined minimum repayment is entered. Estimates only.

Property Value and Loan Balance are now entered independently for each option, so you can compare entirely different scenarios side by side. Set "Loan Type" to I/O to unlock the IO Period field — the repayment shown is the IO-period amount, and "Monthly Repayment After IO Reverts" shows what it jumps to once the IO period ends and the loan switches to P&I for the remaining term. Total Cost of Loan includes total interest, ongoing fees over the term, the one-off fee and the exit fee. Estimates only.

This is the amount sitting in the offset account, or already paid down and available via redraw — same dollar figure either way, since it reduces the interest-bearing balance identically in both structures.

Both structures reduce the interest-bearing balance by the same amount — the outcome differs only because of the rate and fees you enter for each. The repayment shown is calculated on the full loan amount at each side's own rate and held fixed, so the loan pays off sooner than the original term wherever a balance is offset or redrawn. Assumes the offset/redraw balance stays constant for the life of the loan. Estimates only.

All three strategies use the same starting loan repayment amount, so the comparison isolates the effect of the strategy itself rather than different cash outflows. In the Debt Recycle strategy, the investment loan is interest-only (its balance doesn't reduce). Each year, the tax refund on that deductible interest — plus any net benefit from franking credits on the income-yield portion of the portfolio's return, at a standard 30% company tax rate — is redirected straight onto the non-deductible portion. If the yield's own tax bill exceeds its franking credit and the interest refund combined, that shortfall is assumed to be covered from other income rather than added back onto the loan. Assumes the interest rate is the same across both loan portions and holds constant for the full horizon — a rate-rise stress test is a natural next step if you'd like one added. Estimates only.

"Years remaining once fixed expires" is calculated automatically — years remaining now, minus the fixed term. The repayment after that point is recalculated on the balance still owing at that time (found by properly amortising through the fixed period if P&I, or unchanged if interest-only), over the years left, at the assumed post-fixed rate. It always reverts to Principal & Interest once fixed ends, regardless of which type was selected during the fixed period, since that's the standard default. All figures are calculated on the full current loan balance — no offset is netted off any repayment shown. Estimates only.

Compares two paths at the exact same future date: buying today and holding for the wait period, versus saving for that same period then buying at the (grown) future price with a bigger deposit. "Buy Now" equity is the property's value then minus the loan balance then (loan amortised normally); "Wait" equity is simply the deposit just used to buy, since the purchase has only just happened at that date. Whichever path wins depends entirely on whether property growth outpaces the savings rate — that trade-off is exactly what this is designed to make visible, not predict. "Total Rent Paid If Waiting" is a separate cost-of-waiting figure — money spent during the wait period that builds no equity either way — shown alongside rather than folded into the equity comparison, so asset position and cash spent on rent stay distinct. Estimates only.

This mirrors the kind of buffer lenders test loans against before approval — your current rate plus an assumed buffer, to check the repayment is still serviceable if rates were to rise. The income field is optional context (not a formal serviceability assessment), showing roughly what share of take-home pay the repayment would represent at each rate. Estimates only.

Lays out when cash is actually needed, not just how much in total — useful for a buyer who assumes settlement is one lump sum. "Other one-off costs" is a single figure you enter (stamp duty, legal fees, building/pest inspections) rather than a jurisdiction-specific lookup, so it stays accurate without needing updates as state thresholds change — just confirm the real figure with a conveyancer for the exact contract. Estimates only.

Type any figure straight into the boxes — "600k" or "1.2m" work for dollar amounts. Repayments are calculated for the frequency selected: the rate is divided by the number of repayments per year (12, 26 or 52) and applied over the full term, so a weekly or fortnightly repayment isn't just the monthly figure divided up. The ongoing fee is treated as a separate charge on top of the repayment (shown spread across each repayment period as "Repayment + fee") and is held constant for the whole term, as is the variable rate. Interest-only repayments cover interest only, so the balance doesn't fall during the interest-only period. When it ends, the loan reverts to Principal & Interest and the full balance is repaid over the remaining term at the same variable rate — which is why the repayment steps up. Estimates only.