Mortgage break-cost estimate
A workshop prototype for understanding the two parts of a fixed-rate break cost. It is not published for decisions and cannot replace a bank’s written quote.
Prototype · not for decisionsThe actual break cost is set by the lender’s formula, current wholesale rates, loan balance, and time remaining. Ask the bank for a written quote on the day.
The variable part is not a standard percentage.
It reflects the lender’s loss if it has funded your fixed loan at a higher wholesale rate and you repay before the term ends.
If comparable wholesale rates are higher or unchanged, the rate-loss component may be zero. If they have fallen, the component can grow.
A larger balance and more months remaining generally create more exposure, subject to the bank’s exact formula and any allowed repayments.
Separate administration, discharge, rate-lock, or legal fees can apply. They vary by lender and loan documents.
Not a live calculator yet
This page is intentionally unlisted and no-indexed. It is a prototype only while MoreGage validates current wholesale-rate sources, bank formulas, permitted repayment allowances, and fixed fees. It must not be used to decide whether to break a loan.
Sources for the model shape: BNZ early repayment charges, Westpac prepayment costs, and ANZ home-loan terms.
This is a complete estimate under the assumptions shown, presented as a range rather than a factual amount. If your fixed rate is below the comparable floating or refix rate, the estimated rate-loss component is generally near zero; administration and contract-specific costs may still apply. Ask your lender for a written quote before acting.