Refinance Savings Calculator Singapore

Switching just 0.3% lower on a S$800,000 loan saves about S$2,400 a year. This tool shows your monthly savings, the break-even point on switching costs, and total interest saved over the remaining tenure — at today's best Singapore rates.

Calculate My Savings → Talk to a Specialist

Your Current Loan

Inputs update results live. We never store your numbers.

Legal, valuation, and bank admin fees.

Most refinance packages subsidise up to S$2,500 in legal & valuation fees.

Net out-of-pocket cost S$500
Tip: If you're inside your lock-in period, switching usually triggers a 1.5% prepayment penalty on the outstanding balance — add that to switching costs above.
Strategy

When Is The Right Time To Refinance?

The right window is narrower than most homeowners think. These are the three signals every Singapore mortgage broker watches.

1

Your lock-in is ending

Most packages have a 2- or 3-year lock-in. The sweet spot to negotiate a new package is the 4–6 months before lock-in expiry. Outside this window, prepayment penalties usually wipe out the savings.

2

Rate spread is 0.3% or more

As a rule of thumb, a refinance pays off when the new rate is at least 0.3% lower than your current rate, holding tenure constant. Below 0.3%, switching costs and admin friction usually erase the gain.

3

You have ≥ 5 years left

The shorter your remaining tenure, the smaller the absolute savings. Below 5 years remaining, refinancing rarely makes sense unless you also need to extend tenure or unlock equity.

The Process

A Singapore Refinance, End To End

From the day you say yes to the day your new package starts, a Nexus-managed refinance typically takes 4–6 weeks. We coordinate the bank, lawyer, valuer, and your existing lender on your behalf.

You sign two main documents — the new bank's letter of offer and the law firm's mortgage instructions — and we handle the rest.

  1. 1
    Bank comparison (Day 1–3) We benchmark your profile against current packages from all 16 banks and shortlist 2–3 best-fit options.
  2. 2
    Letter of offer (Week 2) Submit documents and receive the formal Letter of Offer. We negotiate spread cushions and legal subsidies on your behalf.
  3. 3
    Lawyer + redemption (Weeks 3–5) Solicitor sends redemption notice to your current bank, prepares mortgage documents, and coordinates valuation.
  4. 4
    Drawdown (Week 6) New loan is disbursed, old loan is redeemed, and your first repayment under the new package starts the following month.

Ready to lock in a better rate?

We'll do the bank comparison, paperwork, and timeline coordination — at zero cost to you.

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