Tools

Compare & save

Compare interest, balances and switching costs.

Two house models and savings stacks for comparing options

Mortgage amount

Remaining amortization

years

Option A interest rate

Option B interest rate

Comparison period

years

Extra upfront costs for option B

Estimated net interest savings with B$8,976

A monthly payment$2,849

B monthly payment$2,709

Interest difference before costs$11,976

Extra costs for B$3,000

Review with Ashab

Over 5 years at unchanged rates
Comparison	Option A	Option B
Total payments	$170,913	$162,558
Interest paid	$111,976	$99,999
Remaining balance	$441,063	$437,442

Savings are the interest difference less the extra costs entered, not simply the difference in payments. Include penalties, discharge costs and incentive repayment in extra costs. Assumes monthly payments, identical amortization and unchanged rates; does not predict future variable rates.