Compare your current mortgage with a new lender’s rate to see potential savings.
Thinking of switching to a new lender for a better interest rate? Our free Mortgage Switch Calculator Ireland helps you instantly compare your current mortgage payments with a new lender’s rate to estimate your monthly and annual savings. Discover more helpful tools in our Loan & Finance Calculators Section.
📌 What Is the Mortgage Switch Calculator?
The Mortgage Switch Calculator is an easy-to-use online tool for Irish homeowners considering moving their mortgage to another lender. By entering your mortgage balance, remaining term, current rate and new rate, you’ll get a quick view of how much you could save every month and over the year.
⚙️ How the Mortgage Switch Calculator Works
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Enter your current mortgage balance.
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Enter the remaining term in years.
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Input your current interest rate.
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Input the new interest rate offered by another lender.
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Click “Calculate Savings” to see your current monthly payment, new monthly payment, and monthly & annual savings.
This makes it simple to decide if switching is financially worthwhile before starting the process.
You can also go through - Mortgage Top up Calculator
✅ Why Use This Calculator?
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Free & Instant – Get quick estimates with no sign-ups.
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Accurate Estimate – Based on standard mortgage repayment formulas.
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Flexible Scenarios – Adjust rates and term to model different lenders.
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Ireland-Focused – Designed for Irish mortgage holders exploring a switch.
ℹ️ Additional Information
This calculator provides an indicative estimate only. Actual repayments may vary depending on lender charges, switching fees, and rate changes. Always check with your lender or broker for official figures.
❓ FAQs – Mortgage Switch Calculator Ireland
Q1. What is a mortgage switch?
It’s when you transfer your mortgage from one lender to another to get a better interest rate or terms.
Q2. Who can use this calculator?
Anyone in Ireland considering switching their mortgage.
Q3. How accurate is it?
It uses standard amortisation formulas to give a quick, free estimate of potential savings.
Q4. Can I change the rates or term?
Yes, you can input any rates and terms to compare multiple lenders.
Q5. Is this calculator free?
Yes, it’s completely free and easy to use on any device.