Refinance Comparison Calculator
Use our refinance comparison calculator to work out if you’ll save money by switching to another mortgage.
Refinance Comparison Calculator
Mortgage Switching (refinancing) explained.
Refinance is a financial term that refers to the process of replacing an existing loan or mortgage with a new one that has more favorable terms and conditions. It’s a great way to save money in the long run and improve your overall financial situation. By refinancing, you can potentially lower your monthly payments, reduce your interest rate, and even tap into the equity in your home to receive cash back. Moreover, refinance offers flexibility in adjusting the terms of the loan including the repayment period, loan amount and interest rate. It is important to carefully consider the benefits and drawbacks of refinancing before making a decision as it may have an impact on your credit score and financial stability. Refinancing is a smart financial move that can lead to significant savings, so you should definitely explore your options and talk to a financial professional to make an informed decision.
Using our refinance calculator.
To compare your existing loan to a potential new one.
- Input your current loan details at the top, include any fees
- If there is no introductory term or rate, just put zero’s in and then change ‘standard rate’ to the new rate you have seen, your savings will then be shown.
- Remember the more information you can complete the better the comparison will be.