Refinance Savings Calculator
Calculate potential savings from refinancing your mortgage
Refinance Savings Calculator
Calculate potential savings from refinancing your mortgage
1Current Loan Details
RM
Remaining loan principal
%
Your current annual interest rate
RM
Your current monthly repayment
2New Refinancing Package
%
Offered interest rate
3Refinancing Costs
RM
Lawyer fees for new loan agreement
RM
Property valuation cost
RM
0.5% of loan amount
RM
Penalty for breaking lock-in period
tools_calculator.refinance.verdict_recommended
tools_calculator.refinance.verdict_savings
Loan Comparison
| tools_calculator.refinance.col_current_loan | tools_calculator.refinance.col_new_loan | tools_calculator.refinance.col_difference | |
|---|---|---|---|
| Interest Rate | 5.00% | 4.20% | -0.80% |
| Monthly Payment | RM 2,046 | RM 1,886 | -RM 160 |
| Loan Term | 25 years | 25 years | Same |
| Total Remaining Payment | RM 613,800 | RM 565,889 | -RM 47,911 |
| Total Interest | RM 263,800 | RM 215,889 | -RM 47,911 |
Monthly Savings
RM 160
Break-even Period
3.8 years
Refinancing Costs
RM 7,250
Net Savings
RM 40,661
Share Summary
Compare your current loan with a new refinancing package to determine if refinancing makes financial sense. Consider the break-even period before making a decision.