Free calculator

Refinance check

Put your current loan next to a new quote. See both repayments, what each costs from here, and how long the switching costs take to pay back.

Worked out only in your browser; nothing is sent or saved. We do not publish rates or fees: use the ones from your own quote.

Your current loan

From your latest statement

The new quote

From your quote

Charged to leave your current loan

What these numbers mean
  • The big number is how much less, or more, the new loan costs in total from here, fees included. See refinancing.
  • Monthly saving is the drop in the repayment plus monthly fee.
  • Switching costs pay back in shows how long the monthly saving takes to cover the break fee and establishment fee.

Good to know

  • Switching and establishment fees are treated as paid upfront, not added to the new loan.
  • Both loans are worked out as equal monthly repayments at today's rates for their full terms. Rates can change.
  • A longer new term can lower the repayment but raise the total cost. Compare both lines, not just the repayment.
  • This is a guide only, not a quote, an offer of finance, a borrowing limit or financial, legal or tax advice.

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