Refinance or reprice?

Compare the total cost of repricing with the current bank against refinancing with a new bank, including the interest paid at the thereafter rate while a refinance completes.

1Current loan

Loan amount

Lock-in expiry date

Thereafter rate

The rate the current bank charges once the lock-in ends.

Today's date

Filled in automatically. Change it to run the comparison as at another date.

Compare over

months

Counted from when repricing would take effect: the lock-in expiry date, or today if the lock-in has already ended.

2Refinance

Move the loan to a new bank.

Refinance rate

Year 1% Year 2% Year 3%

Estimated date of completion

Clawback of legal fees (incl. valuation fee)

Subsidies the current bank takes back if the loan leaves within its clawback period.

New bank legal fees (incl. valuation fee)

New bank legal subsidies (incl. valuation fee subsidy)

3Reprice

Switch to a new package with the current bank.

Reprice rate

Repricing admin fee

Leave blank if the bank doesn't charge one.