Leading non-bank lender Resi Mortgage has just finalised an exclusive NEW calculator which allows borrowers to compare their existing home loan with Resi's Switch & Save.

Already awarded a 5 star Canstar Cannex rating, the Resi Switch & Save has won the Your Mortgage - Best Intro Rate home loan offered by a non-bank lender in 2009.

And Now with the new Switch & Save calculator borrowers have the chance to be smart with their home loan and directly compare it with a winner giving them the chance to find out once and for all just how much they could be saving on their home loan.

The new calculator is part of a larger suite that offers both new and existing Resi customers some valuable tools such as:

• Borrowing Power Calculator - Use this mortgage calculator to find out how much you can expect to borrow for a home loan.

• Loan Comparison Calculator - Select any two home loans on the market for a direct cost comparison.

• Loan repayments Calculator - Use this Home Loan Repayments Calculator to find out how much your loan will cost you and the monthly repayments. 

• Budget Planner Calculator - Use this budget planning calculator to help manage your income and expenses.

So whether you are looking for a home loan or already have one put it to the test with the Resi Switch & Save calculator!

The Resi Switch & Save home loan has a low introductory variable interest rate of 4.95%* (Comparison Rate 5.20%^) for a full 24 months - it's a great incentive to switch from your current lender to Resi. This means you can pay as much as you like, whenever you like, to really get ahead in those first months.

And not only do you enjoy a low 24 month introductory rate but the value continues after the 24 months with a revert rate not only lower than Resi's standard variable rate but also much lower than the advertised standard variable rate of the big four banks. 

As a Resi customer you will not only be offered one of the most competitive loan products on the market, but also a satisfying level of customer experience designed to help you navigate the most cost effective path to home ownership.

For more information on the product you can visit the Resi website at www.resi.com.au/products or speak to a Resi lending specialist in your local area on 136 126. If you would like to put your loan up to the test then check the Switch & Save calculator at www.resi.com.au/Calculators/Switch-and-Save.aspx. 

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* Conditions Apply.

^ The Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years. Fees and charges may be payable. A Comparison Rate schedule is available at any RESI branch. Warning: This Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

The above information is supplied by Resi.

Disclaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Mortgage.