Mortgage Switching Calculator

Compare your current loan with a new option to see whether switching could help reduce repayments, lower interest costs, or better suit your needs.

See whether switching your mortgage could make sense.

Switching your mortgage can help you explore whether another loan option may offer better value, improved features, or a structure that suits your current goals. This calculator can help you compare your existing loan with a new loan option and estimate the potential difference in repayments and interest costs.

Please note that this is a guide only. Your actual savings may vary depending on your loan balance, interest rate, remaining loan term, lender fees, discharge costs, application fees, and any break costs that may apply.

A broker can help you compare the full cost of switching and understand whether refinancing or repricing may be suitable for your situation.

How to use the mortgage switching calculator?

Enter details about your current loan and the new loan option you are considering. The calculator can help estimate whether switching may reduce your repayments, lower interest costs, or improve your overall loan position.

What does mortgage switching mean?

Mortgage switching usually means moving from your current home loan to another loan option. This may involve switching products with your existing lender or refinancing to a different lender.

When should I consider switching my mortgage?

You may consider switching if your current rate is no longer competitive, your loan features no longer suit your needs, or your financial goals have changed. It may also be worth reviewing your loan if you have not checked it for some time.

What costs should I consider before switching?

Switching may involve discharge fees, application fees, valuation fees, settlement costs, government charges, or break costs if you are on a fixed rate loan. These costs should be compared against any potential savings.

Is switching always worth it?

Not always. A lower interest rate may look attractive, but the total benefit depends on fees, loan features, repayment flexibility, and how long you plan to keep the new loan.

Is the calculator result accurate?

The result is an estimate only. Actual savings may vary depending on lender fees, interest rate changes, loan structure, switching costs, and your personal circumstances.

How can a mortgage broker help me?

A broker can compare your current loan against other options, explain the costs and benefits of switching, and help you decide whether refinancing, repricing, or staying with your current loan makes sense.

Thinking about switching your mortgage?

A calculator can help you compare the numbers, but the right decision depends on the full picture. Speak with Boutique Finance to review your current loan and explore whether switching could support your goals.

We're All Ears!

Schedule an online appointment and let's have a chat about what you need and how we can help.

Book Appointment