Mortgage Break Fee
Order-of-magnitude break-fee estimate.
NZ$
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Break fee estimate
$9,750
Order-of-magnitude only. Always get the bank's formal quote before refinancing.
About this calculator
Banks calculate break fees confidentially using their own swap-rate methodology. This is a back-of-envelope estimator only.
- Break fee ≈ outstanding × (your rate − current market rate) × remaining months/12.
- Always get the bank's formal quote before refinancing.
Frequently asked questions
Why might a bank quote double this?
Banks use the swap rate at your loan start and end dates, plus a margin. The result varies materially with their internal cost-of-funds.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.