Break Cost Calculator

Contributors: Mortgage Warehouse

Find out how many months it will take you to recover the costs of breaking your fixed interest rate loan.

Instructions:

Overwrite the loan amount and indicative interest rate to suit your needs.
Enter your current fixed interest rate and the break costs estimated by your bank, then calculate.

Please enter digits only. Do not enter currency, commas, text or % symbol.

The calculations are a guide to a simple cost-benefit equation and are intended to be meaningful and useful. The calculation does not allow for possible funding costs if break-fees are added to your loan, nor the opportunity costs of paying the break-fees in cash. These cannot be accounted for without making this guide awkward and practically meaningless.

Indicative Interest Rate (% pa) (Required) New interest rate
Your current Interest Rate (% pa) (Required)
Loan balance (Required) Overtype with your loan balance
Break costs (Required) Bank fee to break loan plus other costs

This calculator is a guide and calculations may be rounded.

Other than as required under consumer protection law, neither brokerchat nor Mortgage Warehouse is liable for any loss or damage resulting from reliance on information obtained or outcomes resulting from these calculations.

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Brokerchat makes every effort to ensure that the information provided here is accurate and current. In doing so, brokerchat relies on third parties for information and other resources. Please note, however, that brokerchat takes no responsibility or liability, and gives no undertakings, representations, or warranties, in relation to the information contained here.

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