We have a fixed loan on $185k @ 6.33% until March 2015. I am tempted to break the fixed loan. The payout figure today would be about $4400. I could refix for 12 months @4.85%. According to my cals I would be ahead. If I left it on variable I would be paying 5.13% at today's rate with ANZ Breakfree.
Does anyone know whether we would be ahead or not?
Does anyone know whether we would be ahead or not?