Free financial calculator
Refinance / Remortgage Break-even Calculator
Estimate when the monthly saving from switching mortgage could recover the costs.
Use the calculator ↓Adjust the assumptions
Refinance / Remortgage Break-even Calculator
Estimate when the monthly saving from switching mortgage could recover the costs.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
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Questions answered
What this calculator helps you work out
- How many months could it take to recover switching costs?
- How much might the monthly mortgage payment fall?
- Could switching produce a saving over the remaining term?
Common questions
Refinance / Remortgage Break-even Calculator FAQs
What costs should I include?＋
Include every cost caused by switching, such as lender fees, closing or legal costs, valuation charges, points and early repayment penalties.
Does a lower rate always make switching worthwhile?＋
No. Fees and a short remaining holding period can outweigh the monthly saving.
What if the new loan has a different term?＋
This version uses the same remaining term so the comparison is like-for-like.