Refinance savings calculator
Whether switching is actually worth it once the discharge fees, government charges and break costs are counted. The break-even point is the number that decides it.
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If it isn’t working, call0493 348 998and we’ll run the numbers with you — which is a better answer anyway, because we can use your actual situation.
Break-even point
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- Saving per repayment
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- Saving per year
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- Net switching cost
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- Net saving over the term
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Before switching, it is worth one phone call to your current lender. They price to retain, and they will sometimes match an offer — which saves you the paperwork entirely.
When switching starts paying for itself
You begin below the line, by the cost of switching. The point where the curve crosses zero is the moment you are square — everything after that is yours.
A calculator can only tell you so much
These figures use general assumptions. What you can actually borrow depends on which lender you go to and how they assess your income — and that varies more than most people expect.