Is moving your mortgage worth it?

• Like for Like

  Both loans are worked on the same balance and the same years left. The net saving is the monthly difference times the months left, less the upfront costs of moving. Each payment uses the standard formula P × r ÷ (1 − (1 + r) to the power of −n).

  The standard reducing-balance loan formula.

• Your Current Payment

  We work it out from your balance, rate and years left. If your statement shows a different figure, type it in and we compare using yours. Statements can include insurance, or a rate that has changed.

• Pays Back In

  The upfront costs divided by the monthly difference, rounded up to a whole month. It only exists when the new payment is lower. If it comes after your loan would have ended, moving does not pay.

• A Different Term

  A shorter term raises the payment and cuts the interest whichever bank you are with, so it is not a saving from moving. A longer one lowers the payment and adds interest. Either way it is shown on its own.

• Cash Out Regulation

  The new loan, with the cash out and any fees added to it, can be at most 80% of the property value. Limits are lower above AED 5 million, on a second home and for non-residents.

  CBUAE Circular 31/2013, Article 3.2. Checked 26 Aug 2026.

• Early Settlement Fee Regulation

  We start it at the Central Bank's cap: 1% of the balance or AED 10,000, whichever is less, plus VAT, and it follows the balance until you change it. Your bank may charge less, and on a fixed rate it may add its actual cost of breaking the rate. Your settlement letter gives the figure.

  CBUAE Regulation 29/2011, Appendix 2 item 35, and Circular 31/2013, Article 4. VAT at 5%: Federal Decree-Law 8/2017, Article 3. Checked 2 Oct 2026.

• Mortgage Registration Government Fee

  Moving a mortgage to another bank uses the Land Department's mortgage transfer service: 0.25% of the new loan, plus a fixed DLD service fee of AED 580.

  Dubai Land Department, Request for Mortgage Transfer. The AED 580 service fee is our working figure for the fixed DLD charges. Checked 7 Oct 2026.

• Trustee Fee Government Fee

  The same service lists a service partner fee of AED 4,000 plus VAT, paid at a trustee office, whatever the loan. You can change it if you are quoted another figure.

  Dubai Land Department, Request for Mortgage Transfer. VAT at 5%: Federal Decree-Law 8/2017, Article 3. Checked 2 Oct 2026.

• Bank Fees Lender Practice

  The processing fee of 1.05% of the balance plus any cash out, up to AED 10,500, and the valuation fee of AED 2,625 are typical figures. Each bank sets its own, and you can pay them upfront or add them to the loan.

  Typical lender practice on our bank panel. Each bank sets its own.

Dubai only. One rate for the whole term, so a fixed rate that later moves with EIBOR will change the figures. The early settlement fee starts at the Central Bank's cap; your settlement letter gives the real figure. This is an estimate, not an offer: the new bank sets your rate, fees and terms.