Variable rate home loan refinance calculator
Let's do the maths to estimate how much you could save if you were to switch to one of ING's variable rate home loans. We'll need some information about your current loan, which will help us calculate a comparison to one of our variable rate home loan products. At the end, you'll get an idea of the amount you could save in interest repayments over the remaining term of your loan.
Please note: This calculator is only relevant if you currently have a variable rate, Principal and Interest loan with a Loan to value ratio (LVR) of 80% or less and a remaining term of 30 years or less. To refinance to ING you must have a LVR of 80% or less.
About your current loan
Term remaining (years):
Current interest rate:
Choose an ING variable rate home loan to compare
Principal & Interest rate:
How much could I save?
Option 1: Extra savings in your pocket
By switching your loan to ING and paying your new minimum repayment amount you could save:
Option 2: Pay down your home loan faster
By moving to ING and keeping your repayments the same as they are now (with your current lender) you could save:
Over the life of your loan
Off the term of your loan
What about fees? Even if your repayments or interest charges could be lower if you switch to ING, it is important to note that it may take some time to recoup the costs of switching. This calculator does not take into consideration discharge fees, legal fees or any applicable break cost fees which you may incur when leaving your current lender, nor does it take into account the cost of any settlement fees or charges that apply to a new ING home loan. Please consider your personal situation and the impact of any fees and charges that might apply to a switch or on an ongoing basis.
Important: Results of the refinance calculator are not an offer of credit. Any application for credit is subject to ING's credit approval criteria. The amounts above are indicative only. For more information please refer to the 'How does this calculator work?' section below.