Now that interest rates are starting to come down, you may be wondering if it makes more sense to re-fix your loan for 12 months, or take s shorter 6-month term in the hopes that rates will come down further sooner. This calculator can help you compare the payments, interest payments, and principal repayments of both options, with your assumptions of what interest rates will be like in 6 months time as an input.
This calculator is provided as-is, with no warranties whatsoever, may contain errors, and its use is completely at your own risk. It is not capable of providing financial advice and is provided as a general guide only. If in doubt at all, please book a free consultation with us – we are able to provide personalise advice that is specific to your lending circumstances.