Mortgage Stress Risk Checker
Check your mortgage stress level and see if refinancing could save you money. Indicative estimates only.
Disclaimer: General information only, not financial advice. Estimates are indicative only. Lending criteria and rates change regularly. Refinancing may involve break costs and fees. Verify with a licensed broker or lender.
Frequently Asked Questions
What is mortgage stress?
Mortgage stress is generally considered when housing costs exceed 30-35% of household income. Our stress test also factors in potential rate rises to show your vulnerability to rate changes.
How is the stress score calculated?
We calculate your repayment at a stressed rate (current + 2.5%) as a percentage of your net income, then convert this to a 0-100 score. Higher scores indicate greater stress.
What does the refinance score mean?
The refinance opportunity score considers your current rate vs market rates, your loan size, estimated LVR, and remaining term. A higher score suggests more potential benefit from refinancing.
Should I refinance?
Refinancing can save money but involves costs (break fees, application fees, valuation). A broker can help you weigh the costs and benefits for your specific situation.