Loan Comparison Calculator
Use this Loan Refinance Analysis Calculator when you are thinking of changing loan providers.
To make the comparison, we need a few key pieces of information. Please provide the following details for each loan option you want to compare:
Loan amount: The total amount you plan to borrow.
Interest rate: The annual interest rate offered by the lender.
Original Loan term: The length of the loan in years or months.
Repayment Frequency:Â Â Either weekly or monthly
Months Paid:Â How monthly repayments
Mortgage Annual Fees:Â The current fees paid
New Mortgage Amount:Â Â The new amount to be borrowed
New Term:Â The length of the term of the loan
Repayment Frequency:Â This may impact the overall loans repayments and fees
New Mortgage Annual Fees:Â There often is additional administration fees chargedÂ
Application Fees:Â There may/will be a range of potential fees
Exit Fees:Â Often there are exit fees to discharging the original loan
Once you provide the details for each loan option, I can calculate and compare the monthly payments, total interest paid, and other relevant information.
Please note, that this should be checked by your Financial Advisor.