Mortgage switching calculator
Find out in a minute whether switching your mortgage pays off: new payment, monthly and yearly savings, and how soon you recover the costs.
Your current mortgage
What you still owe the bank today.
What you pay for your mortgage each month today.
How much do you think your home is worth today? It estimates the LTV, one of the figures banks look at.
Your situation today
What would your payment be if you switched?
The rates shown are market estimates and subject to each bank's approval based on your financial profile. You will get the final numbers with a personalised study.
Switching costs
Switching your mortgage has costs that depend on how it is done. Pick an option to see the breakdown:
You move the mortgage to another bank keeping the loan: the most common and cheapest route.
The fee depends on your contract: it is usually between 0 and 2%. Adjust it if you know yours.
How is this calculated?
- The new payment uses the French constant-payment system on your outstanding balance and remaining years.
- For mixed mortgages, when the fixed period ends the payment is recalculated on the outstanding balance at the estimated variable rate.
- Savings compare your current payment (as declared by you) with the new one; on variable mortgages your real future payment may move with Euribor.
- The recovery time divides the switching costs by the monthly savings: from that month on, everything is net savings.
Non-binding, indicative simulation. Final rates, costs and conditions depend on the lender and the applicant's profile.