Understand a loan before replacing it
Compare total remaining cost, replacement cost and switching fees over the same period before treating a lower rate as a saving.
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Read savings in today’s purchasing power
A maturity balance is only one view; tax, fees, inflation and early exit can change what the money is worth to you.
Read this explanationSeparate an investment illustration from a forecast
Use return, fee, inflation and downside assumptions to see sensitivity, never to claim what the market will deliver.
Read this explanationPrepare loan inputs
Use current written balance, rate, remaining months, replacement rate and all switching fees.
Read this explanationRead monthly and final loan payments
Rounding can make the last payment slightly different, so compare total cost as well as the regular payment.
Read this explanationCheck refinance break-even
A replacement only illustrates a saving when reduced remaining cost is greater than switching fees under the same term.
Read this explanationUse safer loan alternatives
When repayments are difficult, pause new applications and ask the existing provider or an independent public service about support.
Read this explanationPrepare savings assumptions
Separate contributions, stated rate, term, tax, fees and inflation so each effect remains visible.
Read this explanationRead an after-tax savings result
The tax field is a user assumption, not a determination of the tax that applies to you.
Read this explanationCompare nominal and real value
Nominal balance shows currency units; real purchasing power discounts the entered inflation assumption.
Read this explanationTest an early savings exit
An early exit can change interest, tax, fees and access, so it needs its own scenario.
Read this explanationPrepare investment assumptions
Use contribution, time, return, fee, inflation and spending assumptions that you can change independently.
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