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Refinance calculator: is switching worth it?

Compare your current mortgage with a new offer, including the costs of switching, to see whether a balance transfer would save you money.

Currency

Balance Transfer Calculator

Compare existing and new loan options to see your savings.

Property Details

Existing Loan

New Loan

Movement Costs

Comparison Summary

Monthly Payment (Existing)0
Monthly Payment (New)0
Monthly Savings0
Total Cost (Existing)0
Total Cost (New)0
Movement Cost0
Net Savings0

What to compare

Compare the total you'd pay over the period you expect to keep the loan, not just the monthly payment. Include early settlement charges, the new bank's fees and valuation and registration costs.

Your rights

Central Bank rules cap what your bank can charge to settle early or refinance elsewhere, and say there should be no barrier to moving your loan.

● Frequently asked

Questions about this calculator

1When is the best time to switch?
Often near the end of a fixed-rate period, when early settlement costs are lower. The calculator helps you test different timings.
2Can I take cash out when I switch?
Often, yes, subject to the new bank's limits. See equity release.
● RelatedRefinance & Balance TransferMove your mortgage● RelatedEquity ReleaseUnlock your home's value● RelatedPortfolio ConsolidationSeveral properties, one plan
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