Refinance comparison
Cost of staying on a current rate vs refinancing to a new rate, net of switching costs. Outputs total saving + break-even months. Educational only.
How the comparison works
The calc uses interest-only monthly cost (balance times rate divided by twelve) for the like-for-like total, which is correct for short-dated private files that don't amortise. For borrowers servicing P&I, both serviced figures are shown alongside as a reference. The break-even line is switching costs divided by the monthly saving; if the new rate is not cheaper, no break-even fires.
When refinancing private to private makes sense
When the original facility was sized for a 6-month bridge but the underlying transaction has extended to 18 months. Or when the original lender will not extend at a rate that reflects the de-risked file. Refinancing within private credit is normal and often cheaper than rolling the same facility. Speak to an accredited broker about whether your file fits.