Refinance Summary
Find out a complete picture of the costs and benefits of switching bank
Savings Summary on Lending
Interest Savings
Estimates
Cash Back
<
Break Costs
<
Valuation Costs
<
Legal Costs
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Net Switching Costs
New Loan Amount
Net savings is the final amount you will save after switching costs are factored in:
(Interest Savings - Switching Costs)
(Interest Savings - Switching Costs)
Net Savings:
(Savings are calculated until .)
Breakdown of Loan Payments
Current Loan Structure
0 Paying Off
Principal
Principal
% Paying Interest
Proposed Loan Structure
0% Paying Off
Principal
Principal
% Paying Interest
By refinancing or refixing, you will pay off more of your loan principal by than with your current loan structure.
You will also save approximately on interest each month, for the first months.
Book a time to chat with us continue →Notes:
We will always aim to get cash back from your existing bank or a new bank to help cover break fees.
In a situation where you move bank, the "legal fee" covers the cost of having a solicitor prepare the documents for the new bank.
All break fees and legal costs are added onto the mortgage i.e. you don't need this as cash on hand.
These are just estimates and are not confirmed.
Contact us at Support@irefi.co.nz.