Illustrative example for educational purposes — not an actual client, and not a guarantee of similar outcomes.
The Rate-Drift Recovery
Discovering, after years, that the current rate is no longer competitive.
Imagine a homeowner who set up their loan several years ago and hasn't looked at it since. Life got busy, the repayments came out automatically, and the rate quietly drifted higher than what newer borrowers are being offered — a common pattern often called the 'loyalty tax'.
A homeowner in this position might benefit from a straightforward rate review across a wide panel of lenders. Sometimes their existing lender will sharpen the rate to keep them; other times a switch could reduce repayments.
The main things to weigh are the size of the rate gap, any switching costs, and how long they plan to keep the loan — which is precisely what the break-even calculator is designed to help illustrate.
Typical figures (ranges only)
- Typical time since last review
- 3 – 8 years
- Typical rate gap found
- ~0.3% – 1.0% p.a.
- Typical loan balance range
- $300k – $900k
Figures are broad, illustrative ranges only — not a quote, forecast, or guarantee of a similar outcome.
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Important — General Information Only
This information is general in nature and does not take into account your personal objectives, financial situation or needs. It is not personal advice, credit advice, tax advice or legal advice, and is not a recommendation to enter into, refinance, or remain in any particular credit contract. Any figures, calculations, or projections shown are simplified examples for illustration only — they are not guarantees or forecasts, and actual outcomes will vary based on your circumstances and the lender's assessment.
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