A lower rate is not enough: refinancing only pays off if the interest savings exceed the early repayment indemnities and the new loan’s costs. This calculator computes the gross saving, subtracts the legally capped indemnities, guarantee, file and broker fees, and gives you the exact month from which the operation becomes profitable.
Worthwhile operation
Net saving
€7,191
After indemnities and costs
New monthly payment
€1,088.39
current : €1,161.08
Break-even after
118 months
Renegotiation happens with your current bank through an amendment: no early repayment indemnities or new guarantee, but the bank has no obligation to accept and rarely offers its best rate. An external buyout has a competing bank repurchase the outstanding capital: indemnities and a new guarantee apply, but competition generally obtains a markedly lower rate. The calculator quantifies both scenarios.
The early repayment indemnity is doubly capped by article L.313-47 of the French consumer code: at most 6 months of interest on the repaid capital at the loan’s average rate, and at most 3% of the outstanding capital. It is even excluded in certain cases provided by contract or law (job relocation, death, forced business termination). Many borrowers overestimate this cost: the calculator applies the exact cap.
The market rules of thumb: a rate gap of at least 0.7 to 1 point, an outstanding capital above €70,000, and an operation carried out in the first third of the loan’s life, when the interest share of payments is still high. These thresholds are indicative: only the full computation, indemnities and costs deducted, decides. A break-even point beyond your expected holding horizon should make you walk away.
No, unless you choose to extend the term. The new loan covers the outstanding capital (plus any financed costs), over the term you set: identical to maximize savings, shorter to repay faster, or longer to ease the payment at the price of extra interest.
These calculation engines power CourtImmo, the platform covering 100% of your business: CRM, cases, bank comparison, IOBSP compliance, invoicing and built-in AI. Your simulations become funded files, with no re-entry.
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Indicative estimate. Results are provided for information only, based on dated scales, with no contractual value. They are neither a credit offer nor personalized advice. No entered data is stored or transmitted. A loan commits you and must be repaid: check your repayment capacity before committing.
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