CalcKit
Decision reportDecision summary
Refinance Decision Calculator
Expected net saving over your holding period is $10,474, with a break-even point of 4 months.
Decision index
Strong fit
Refinance verdict
Key figures
Monthly savings
$186Break-even month
4 months1-year savings
$1,5353-year savings
$6,005Findings snapshot
What deserves attention first
These signals are the strongest points to review before relying on the result.
The new loan improves monthly cashflow under the current assumptions.
The break-even point fits inside the expected holding period.
Fees are not fully offset by cashback, so the break-even point matters.
Status mix
Metric health
Green is healthier, yellow needs monitoring, and red needs action.
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Decision reportMetric dashboard
Relative strength of the main numbers
These bars compare the largest numeric signals in this report. Each value keeps its own unit, so use the chart as a visual guide rather than a like-for-like financial comparison.
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Decision reportMetric notes
What each result means
Each row explains the result in practical language and highlights whether it is healthy, worth watching, or needs action.
Monthly savings
$186HealthyDifference between current and new estimated monthly repayments. This estimates the benefit if the entered plan is followed. Against the other key figures in this report, it is marked healthy.
Break-even month
4 monthsHealthyHow long it takes savings and cashback to offset switching fees. This shows when the upfront cost or tradeoff starts to pay off. Against the other key figures in this report, it is marked healthy.
1-year savings
$1,535HealthyNet result after fees and cashback over one year. This estimates the benefit if the entered plan is followed. Against the other key figures in this report, it is marked healthy.
3-year savings
$6,005HealthyNet result after fees and cashback over three years. This estimates the benefit if the entered plan is followed. Against the other key figures in this report, it is marked healthy.
5-year savings
$10,474HealthyNet result after fees and cashback over five years. This estimates the benefit if the entered plan is followed. Against the other key figures in this report, it is marked healthy.
10-year savings
$10,474HealthyNet result over ten years or the selected holding period, whichever is shorter. This estimates the benefit if the entered plan is followed. It is marked healthy based on the entered assumptions.
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Decision reportFindings
Plain-English interpretation
These findings translate the numbers into decision points.
The new loan improves monthly cashflow under the current assumptions.
The break-even point fits inside the expected holding period.
Fees are not fully offset by cashback, so the break-even point matters.
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Decision reportAction plan
What to do next
Recommended actions are based on the strongest signals in the result. Use them to decide what to check, change, or confirm.
Action 1
Protect monthly cashflow
- What it means
- The new loan improves monthly cashflow under the current assumptions. Read this together with Monthly savings ($186) to see what is driving the result.
- Why it matters
- Difference between current and new estimated monthly repayments. This estimates the benefit if the entered plan is followed.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly savings: $186; Break-even month: 4 months; 1-year savings: $1,535
Action 2
Validate the cost tradeoff
- What it means
- The break-even point fits inside the expected holding period. Read this together with Break-even month (4 months) to see what is driving the result.
- Why it matters
- How long it takes savings and cashback to offset switching fees. This shows when the upfront cost or tradeoff starts to pay off.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly savings: $186; Break-even month: 4 months; 1-year savings: $1,535
Action 3
Validate the cost tradeoff
- What it means
- Fees are not fully offset by cashback, so the break-even point matters. Read this together with 1-year savings ($1,535) to see what is driving the result.
- Why it matters
- Net result after fees and cashback over one year. This estimates the benefit if the entered plan is followed.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly savings: $186; Break-even month: 4 months; 1-year savings: $1,535
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Decision reportScenario inputs
Values used in the calculation
These inputs are the basis of the report. If any value changes, regenerate the report before relying on the result.
Current loan balance
Remaining balance today.$510,000Current interest rate
Current annual rate.6.45%New interest rate
Proposed refinance rate.5.85%Remaining term
Years left on the current loan.24 yearsSwitching fees
Discharge, application, legal, and valuation fees.$3,200Include cashback offer
Choose whether the refinance verdict should count the cashback incentive.YesCashback offer
Cashback or upfront incentive offered by the new lender.$2,500Expected holding period
How long you expect to keep the refinanced loan.5 yearsAssumptions
How to read the result
- Both loans use the same remaining term for the core repayment comparison.
- Switching fees and cashback are treated as upfront net costs or benefits.
- Savings windows are capped by the selected holding period.
Professional note
Before acting
This report is a decision-support summary based on the assumptions entered. It is not financial, tax, lending, or legal advice. Confirm product terms, fees, tax treatment, and policy settings before making a financial commitment.
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Decision reportTerms explained
Key terms used in this report
These definitions explain finance terms and strategies that appear in the result.
Break-even
The point where savings have recovered the upfront cost of a decision. Before break-even, the decision has not yet paid for itself.
Cashback
An upfront incentive paid by a lender or provider. It can improve the short-term result, but the ongoing rate, fees, and holding period still matter.