Mortgage Switching Calculator

See if refinancing is worth it — compare your current loan to a new offer, including switching costs and cashback.

Switching could save you $0 net of switching costs
Switching could save you
$0
over the remaining loan term, after switching costs
💰Saves $0/mo
⏱️Break-even: —
Your current loan
Repayment$0/mo
Remaining term0 yrs
Interest rate0%
Total interest left$0
New offer
Refinance offer
Repayment$0/mo
New term0 yrs
Interest rate0%
Total interest$0
One-off switching costs
Discharge fee (current lender)$0
New loan establishment fee$0
Other costs (valuation, legal, govt)$0
Cashback offer−$0
Net upfront cost$0
Is this refinance offer actually worth it?
Switching loans involves more than the headline rate — let a broker check this offer against the market and handle the paperwork for you.
🔒 No spam, ever ⏱️ Takes 30 seconds ✅ Obligation-free
Monthly saving
$0
repayment difference
Break-even point
—
to recover switching costs
Interest saved
$0
over loan term
When do you break even?
Year 1
Current loan balance
$0
New loan balance
$0
Net position
$0
👆 Tap or drag on the chart to see year-by-year details
💰
Not ready to switch yet?
We'll keep an eye on rates for you and let you know if a better deal comes up — no pressure, no obligation.
Your current loan $500,000 · 6.50% · 25 yrs remaining
⌄
Remaining loan balance
$
Current interest rate
%
Remaining loan term Years left on your current loan
yrs
Repayment frequency
New loan offer 5.90% · 25 yrs · $0 fee
⌄
New interest rate
%
New loan term Defaults to your remaining term for a fair comparison
yrs
New loan establishment fee Many lenders waive this for refinances
$
Switching costs & cashback $750 costs · $2,000 cashback
⌄
Discharge fees and government charges are usually unavoidable. Many lenders offer cashback to win your business — but check it isn't conditional on staying for a minimum period.
Discharge fee (current lender) Typically $150–$400
$
Other costs Valuation, legal/settlement, govt registration fees
$
Cashback offer Common offers: $1,500–$4,000
$