The calculator below compares your current rate versus some of the rates available when going with our no-commission model. Enter your details on the input tab. The input tab will then display what saving you could potentially make by switching to a lower rate.
The RESULTS tab has 3 sections. The first compares your current repayments versus the new, lower repayments. The second section shows the potential result if you just continued with your current repayments and didn’t reduce them. You will save much more in interest and in the repayment term as well. This is a risk-free option.
The third section shows what you could potentially accumulate over the term by salary sacrificing the difference into superannuation. There is some risk involved as you are investing the savings. However, it assumes a balanced investment inside superannuation. It would be up to you to determine if the risk justifies the potential reward.
WARNING: Please don’t forget the General Advice Warning in the footer.