Does a lower home-loan rate justify a balance transfer?
Compare EMIs at the same remaining tenure and include the actual upfront cost of switching lenders.
Read the guideHome loan balance transfer
Compare remaining loan costs before switching.
Net saving over the remaining term
₹4,02,024
Compare the lender’s actual terms and all switching costs.
Current monthly EMI₹40,571
New monthly EMI₹38,226
Monthly EMI reduction₹2,345
Switching costs₹20,000
Cash-flow break-even9 months
For illustration only. Read the assumptions below for the full picture.
Estimates, not promises. Explore different scenarios.
Understand your result.
Compare a home-loan balance transfer at the same remaining term. The tool considers the EMI change and switching costs paid separately upfront.
The net saving is a remaining-term cash comparison. The break-even point measures accumulated EMI relief, without discounting future cash flows.
A worked example.
Using this calculator’s default inputs, net saving over the remaining term is ₹4,02,024. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Outstanding principal | ₹40,00,000 |
|---|---|
| Current annual interest rate | 9 % |
| New annual interest rate | 8 % |
| Remaining term (kept the same) | 180 months |
| All switching costs paid upfront | ₹20,000 |
A common mistake to avoid
Comparing a shorter original term with a longer replacement term and attributing the lower EMI entirely to rate savings.
Questions you might have.
Which switching costs should I enter?
Include the actual processing, legal, valuation, applicable foreclosure and tax charges payable under the relevant offers.
Does it include the tax effect of home-loan interest?
No. Tax benefits, floating-rate changes, cash-out borrowing and opportunity cost are outside this comparison.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Compare EMIs for the same principal and remaining term at each rate. Net saving = (old EMI − new EMI) × months − switching costs. Cash-flow break-even = costs ÷ monthly EMI reduction, rounded up.
Assumptions & things to know
India adaptation of mortgage refinancing. Same term, fixed rates and fees paid separately. No cash-out, tax benefits or time-value discounting. Break-even is based on monthly cash-flow relief, not a discounted net-present-value analysis.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.