Refinance Feasibility Calculator

About this calculator. It is a guide only and does not make an offer of credit or a recommendation about any loan. Figures use the rates, terms and costs you enter and assume each rate stays the same for the whole loan. The repayment on your current loan is worked out from your rate and years left unless you enter your own. Both loans are compared over the years you have left, and extra cash you borrow is shown separately so it is not counted as a saving. Costs earned back is the net cost of switching divided by the monthly repayment saving. Fees, exit or break costs on fixed rates, lender mortgage insurance, rate changes, offset accounts and tax are not included, so confirm every figure with the lender.