General information only — not financial advice. This content is intended as educational guidance. Consult a qualified financial adviser, mortgage broker, or legal professional before making financial decisions. See our full disclaimer.
Mortgage break costs apply when you exit a fixed rate loan before the end of the fixed period, and can range from zero to tens of thousands depending on the rate differential.
Break costs are based on the interest rate differential between your fixed rate and the current wholesale rate, multiplied by the loan balance and remaining fixed term. Request a break cost estimate from your lender before deciding.
Use our free calculator to get personalised results based on your specific situation. No sign-up required.