Estimated net savings
short
Recycling is worthwhile when the savings in interest and repayments over the period are higher than the transition costs, and the new structure fits your plans and risk. The calculator compares an existing loan to a new offer at a fixed interest rate for the purpose of estimation; Contiguous and variable routes require a detailed check for each route.
Savings check
Is it worth refinancing the mortgage?
Compare your existing payment balance to a new offer, including fees, and get net savings and a break-even point.
Monthly repayment is available
New monthly repayment
Monthly savings
balance point
The calculation assumes a fixed interest rate without linkage in both alternatives. The capitalization fee depends on the routes and the average interest rate published by the Bank of Israel, so the amount from the letter of intent or from a professional estimate must be entered in the costs field.
What should be checked before recycling?
A drop in interest rates is not the only reason for the cycle. You need to compare the balance of payments, the early repayment fee, the length of the new period, the level of risk in each route and adjustment to the family flow. Extending the term can reduce the monthly repayment and yet increase the total cost.
To check the capitalization fee, useThe average interest rate on mortgages published by the Bank of Israel. More information can be found in our guide on Mortgage refinancing.
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