Could your home loan be costing you thousands?
Find out in around 60 seconds. See how your current loan compares and what you could potentially save in repayments, interest and years off your mortgage.
What's your current interest rate?
How long do you have left on your loan?
What are you currently paying?
How is your home loan set up?
Analysing your home loan
Your analysis is complete.
We found areas worth looking at.
Your report is ready.
Where should we send your personalised Home Loan Health Report?
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Your home loan may have room to improve.
There may be meaningful savings available, particularly around your rate and repayment strategy.
potentially back in your pocket each month
That's about $3,936 across a year, if you moved from 6.14% to the 5.89% comparison rate used in this health check and kept your remaining term the same. Your repayment would be around $3,952 a month.
Or keep paying what you're paying now.
At the comparison rate used here, holding your repayment at $4,280 a month could potentially make you mortgage-free
Over the remaining life of your loan that's potentially $76,420 less interest, based on the assumptions used in this health check.
What's affecting your score
Your rate appears above the comparison benchmark used in this health check.
There may be an opportunity to reduce your required repayment.
Maintaining your existing repayment at a lower rate could potentially shorten your loan term.
An offset account adds flexibility — your structure appears relatively healthy.
What would you want your home loan to do better?
Want to see if these numbers are achievable?
Your Home Loan Health Check identified areas that may be worth reviewing. A Simpli Finance broker can review your actual loan against available options and show you what may be possible based on your circumstances.
See my actual options →All figures are estimates only and are based on the information you provided and the comparison rate of 5.89% currently configured in this health check. Actual rates available to you may differ.
Fees and refinancing costs may apply. Lender policy, servicing, credit assessment and eligibility criteria apply. Current or past rates do not guarantee future rates. Results are not an offer of credit and are not personal financial advice — please obtain an individual assessment before making a decision.
Scoring method: interest rate 40%, repayment position 25%, term opportunity 20%, loan structure 15%.