So you took out a fixed rate loan and now wish you didn't because interest rates have dropped. To assist you make the right decision we have built a calculator to help you work out whether you stick with what you've got or move on.The main thing you've probably already learnt is that the downside to a fixed rate loan is that the lender hits you with a break fee if you want to move to a variable loan or re-finance.This calculator is a good starting point, it gives you an average breakeven interest rate that you will need to achieve to recoup the break fee without increasing your monthly repayment and owe no more on your loan at the end of your existing fixed rate term.Once you know your break even interest rate, you can then look around to see if you can get a lower rate, if not stay where you are. Of course you should always seek specific professional advice before you make any investment decisions.Enter your details then click the calculate button