Fixed Rate Expiry Calculator
Is your fixed rate expiring? Find out what your new repayments will be and how much you could save by switching to a better loan.
Disclaimer: General information only, not financial advice. Estimates are indicative only based on current market rates. Actual rates depend on your circumstances, lender, and loan features. Rates and policies change regularly. Verify with a licensed broker or lender before making decisions.
Frequently Asked Questions
What happens when my fixed rate expires?
When your fixed rate period ends, your loan typically reverts to your lender's standard variable rate, which is often higher than competitive market rates. This can significantly increase your repayments.
Should I fix again or go variable?
It depends on your circumstances and rate outlook. Fixed rates offer certainty but less flexibility. Variable rates may be lower and allow extra repayments. A broker can help you weigh the options.
When should I start looking at my options?
Start 3-6 months before your fixed rate expires. This gives you time to compare offers, negotiate with your current lender, or arrange refinancing if needed.
Are there costs to refinancing?
Refinancing may involve discharge fees, application fees, and valuation costs. However, the savings from a lower rate often outweigh these costs. A broker can help you calculate the break-even point.