Outstanding balance
The principal still owed on your current loan.
A clearer view before you switch
Refinance Calculator
Compare your current home loan with a new offer. See the payment change, switching costs and the debt you would still owe.
Fiji dollars (FJD)Illustrative planning toolYour numbers
The starting values are examples, not quoted lending rates. Replace them with your own figures. All fields are required unless marked otherwise.
Your estimate
Example inputs are ready. Select Calculate estimate to see results.
Adjust the figures to explore your scenario.
Current monthly repayment
New monthly repayment
Monthly payment change
Cost recovery by your horizon
- New loan principal
- Costs paid upfront
- Current loan balance at your horizon
- New loan balance at your horizon
- Current loan remaining interest
- New loan total interest
- Full-term cost saving / extra cost
How we compare: repayments made plus remaining principal at your chosen date, including refinancing costs. This accounts for a new term that repays principal more slowly.
Assumes constant rates and monthly payments. Excludes cash-out, extra repayments, ongoing fees, changes in insurance and the time value of money. When either loan ends, its payments stop. Confirm switching costs with both lenders.
Your questions, answered
Frequently asked questions
Will a lower monthly payment always save money?
No. Extending the term can reduce the monthly payment while increasing the interest paid and the debt left at your comparison date. Review both the payment change and the balance-aware saving.
What does cost recovery mean here?
This is the earliest month when estimated savings, including remaining debt and refinancing costs, stay nonnegative through your selected comparison period. It is not simply fees divided by monthly savings. Future rate changes can alter the result.
Can I add refinancing costs to the new loan?
Yes, select “Add to the new loan”. The calculator adds those costs to principal and includes their interest. They are not counted again as an upfront payment. Your lender must agree to financing these costs.
Which costs should I include?
Ask both lenders about establishment, valuation, legal, mortgage discharge, settlement and early-repayment or fixed-rate break costs. Enter their combined estimate. This calculator does not assume a standard Fiji switching fee.
Does this support cash-out or interest-only refinancing?
No. It compares refinancing the existing principal balance using fully amortising principal-and-interest loans. Cash-out, interest-only periods, offsets and extra repayments need a separate comparison.
What if my rate changes later?
The calculation holds each entered rate constant. Try several scenarios and ask your lender what happens when a fixed or introductory period ends. Actual repayments and interest may differ.
A little clarity goes a long way
Common terms
Remaining term
The time left to repay the existing loan.
Refinancing costs
The combined fees and charges for switching or replacing the loan.
Financed costs
Fees added to the new principal. They also attract interest.
Remaining debt
The principal still owed at the chosen comparison date.
Cost recovery
The point when estimated cost savings cover switching costs within the selected period.
Plan with confidence. Confirm with your lender.
This calculator is an estimate, not a loan offer, eligibility decision, property valuation or personalised financial advice. Rates, fees, lending criteria and property requirements vary. Confirm your figures with a Fiji lender and seek appropriate professional advice.