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Balance Transfer (Takeover) Calculator
See how much you save by moving your home or mortgage loan to a lower interest rate, after switching costs.
When a transfer makes sense
The bigger the rate gap and the more years left, the more you save. Always subtract switching costs (processing fee, legal, valuation and MODT charges). Read our balance transfer guide.
Frequently asked questions
Should I ask my bank to reduce the rate first?
Yes. Many banks reduce the rate for a small conversion fee. If they don't, a balance transfer is usually the better route.
Results are estimates for planning. Actual figures depend on the bank, your profile and the date of disbursement.
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