Refinancing Savings Calculator
Find out if switching your home loan to another bank actually pays back, net of legal fees, cashback, and any lock-in penalty.
Refinancing pays back when (1) you are past your current lock-in, (2) your outstanding balance is at least S$200,000, and (3) the new rate is at least 0.3 to 0.5 per cent lower. This calculator runs the math in seconds so you know whether to refinance, reprice, or stay put.
Refinancing Savings Calculator
Estimate how much you save (or lose) by switching banks on your home loan, net of legal fees, cashback, and lock-in penalty.
Monthly savings+$110
Annual savings+$1,316
Net savings (full tenure)+$25,625
Verdict:Clear win — refinancing pays back in under 18 months Payback in 7 months
Breakdown
Current monthly payment$2,259
New monthly payment$2,149
Gross interest savings over 20 years$26,325
Net upfront cost (legal − cashback)− $700
Net savings+$25,625
Want the full refinancing playbook?
The deep-dive guide covers the 6-week process, repricing vs refinancing, when to switch from HDB loan to bank, and the cashback clawback clause to watch for.
Read the Refinancing Home Loan guide →
