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Byrz tools

A lower rate is not automatically a better deal.

Put your loan next to the rate you are looking at and see three honest numbers: what changes each month, how long the switch costs take to pay back, and what happens to the total interest bill, including the trap of resetting back to 30 years.

Your loan today, against the rate you are looking at

Today's balance, not the original loan.

It is on your statement or in your lender's app.

Roughly is fine: 30 minus the years you have paid.

The rate you were quoted or are comparing.

Discharge, application and government fees, commonly 700 to 1,500 dollars.

Leave empty to keep your remaining term, which is the honest comparison.

Both loans are compared as principal and interest with monthly repayments, and the rate you enter is taken as staying flat. Estimates only, not an offer of credit and not a recommendation to switch: fees, features and rate changes at your lender will move the real figures.

Rolling other debts in too? Use the debt consolidation calculator, see what an offset and extra repayments do, or head back to all the tools.

Byrz is a property research and buyer tool. It is not a lender or credit provider. Figures here are estimates and general information only, not an offer of credit and not financial advice. Check official scheme eligibility before you rely on it.