Tools for clearer decisions

Make the numbers
make sense.

Explore repayments and a simple refinance comparison, including upfront switching costs. Then bring your income story and questions to a lending conversation.

01 / Repayments

What could the repayments look like?

Change the example inputs to explore a principal-and-interest loan at a constant annual rate. The interest rate is entered by you; it is not a So Money quote.

Illustrative values only. Enter your own numbers to compare.

$
%
years

Monthly repayments assume equal payments, monthly interest and no fees or rate changes.

Estimated monthly repayment—
Total interest over term—
Total repaid—
If the entered rate rose by 1 percentage pointIllustrative monthly repayment at the higher rate—

What does this answer? It shows the mathematics of a loan with your entered rate and term. It does not assess your income, documents, affordability, product eligibility or approval.

Explore application paths

02 / Refinance

Look beyond one rate.

Switching costs and a longer term can change the answer. Enter the rates and terms you want to compare; the example rates are not So Money product rates.

Example inputs only. Confirm any break fee, discharge fee or new loan cost with the relevant provider.

$
%
%
years
years
$

Costs are treated as paid upfront, not added to the loan. Ongoing fees, offset benefits and rate changes are excluded. * The total interest difference compares each entered term and may be misleading if the terms differ.

Estimated monthly difference—

—

Current monthly repayment—
Comparison monthly repayment—
Interest and switching cost difference*+ means less interest and upfront cost; − means more—
Simple cash-flow recovery of switching costsAssumes the same remaining term and a constant rate.—

Read the result carefully. A smaller monthly payment can come from extending the term. Compare total interest and fees, and confirm the actual costs of switching before deciding.

Read the refinance checklist

03 / Self-employed preparation

Bring your income story together.

Tick what you already have and use the list to prepare a conversation. The acceptable evidence and combination depend on the selected product and current credit policy.

Your conversation notes0 of 6 items noted

Select the information you have. You can discuss missing items and alternative evidence with a broker.

Read the self-employed document guide

This checklist is not an eligibility test. Nothing entered here is sent to So Money or stored by this page.

A starting point for better questions

Repayment figures use standard principal-and-interest amortisation. Actual lenders can calculate interest, fees and repayment dates differently. A rate shown here is entered by you and is not a So Money offer.

For a refinance, confirm both loan terms and every switching charge. If you are self-employed, the income evidence used in an application must be checked against the current product policy; an online calculator cannot determine borrowing capacity or approval.

Further reading: ASIC MoneySmart mortgage switching calculator · APRA mortgage lending guidance.