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Refinance Savings Calculator
Switch to a lower rate: save how much, break even when
About this calculator
Refinancing value isn't just the rate gap — you also net off discharge, government registration and new-lender fees. This tool shows the monthly saving, net saving over the remaining term, and roughly how many months to recoup the switching cost.
Frequently asked
Should I switch just because the rate is lower?
Not always. Weigh annual fees, offset and redraw features into the total. Sometimes a rate review with your current lender gets you close for far less cost.