Finance & Irish taxes
Refinancing cost break-even Calculator
Find when a recurring payment saving repays switching costs. This free refinancing cost break-even calculator shows the calculation and its assumptions so you can compare your own figures.
Calculated on your device
Your results
Break Even Months22
Find when a recurring payment saving repays switching costs.
Term Saving€13,100.00
Calculated outcomes
- Monthly Saving
- €60.00
- Net Switching Cost
- €1,300.00
Assumptions and estimates
- This compares recurring payment costs over an identical remaining period. A lower payment obtained by extending the term can still increase lifetime interest.
- Method: Net upfront cost divided by monthly saving, rounded up to a full month.
- Use equal comparison periods. A longer debt term can reduce monthly payments while increasing lifetime cost.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the refinancing cost break-even calculation works
Net upfront cost divided by monthly saving, rounded up to a full month.
Use equal comparison periods. A longer debt term can reduce monthly payments while increasing lifetime cost.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review break even months and term saving, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Current monthly cost (€)
- 800
- New monthly cost (€)
- 740
- Total switching costs (€)
- 1800
- Unconditional cashback (€)
- 500
- Comparison period (months)
- 240
- Break Even Months
- 22
- Term Saving
- €13,100.00
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