Refinance Savings Calculator

It depends on your loan size and remaining term. On a $500,000 loan, even a 0.25% rate drop can save over $200 per month. We factor in any switching costs (discharge fees, application fees) to make sure the refinance delivers a net benefit before recommending it.

There can be. Common costs include a discharge fee from your current lender ($150–$400), government registration fees, and potentially a valuation fee. Many new lenders waive application fees or offer cashback to offset switching costs. We calculate the break-even point for you.

A straightforward refinance typically takes 2 to 4 weeks from application to settlement. More complex situations (multiple properties, self-employed income) may take longer. We manage the timeline and keep you informed throughout.

Yes, but you may face a break cost (also called an early repayment fee) from your current lender. The size of this cost depends on your remaining fixed term and the difference between your fixed rate and current market rates. We can estimate this for you and determine whether refinancing still makes financial sense after the break cost.

Absolutely. Refinancing is a common way to access equity that has built up in your property — whether through repayments or property value growth. You can use released equity for renovations, investing, debt consolidation, or other purposes. We help you understand how much equity you can access and structure the loan accordingly.