Fixed vs Variable Home Loan Break-Even Calculator

Our Fixed vs Variable Home Loan Break-Even Calculator is designed to help you compare the potential cost difference between a fixed-rate and a variable-rate mortgage over time. It’s particularly useful if you're considering locking in a fixed rate but suspect that variable rates may drop in the near future.

To use the calculator, simply enter your loan amount, current variable rate, the expected future variable rate (after a potential rate change), and your fixed rate offer. You’ll also need to input how long the fixed rate would last and the total term of your loan. The calculator will show you the monthly repayments for each scenario and estimate how many months it would take for the variable rate loan to “catch up” in savings compared to the fixed-rate option.

This tool is designed to provide general guidance only and should not be considered financial advice. We recommend speaking with one of our qualified mortgage brokers to discuss your personal circumstances in more detail.