Mortgage Repricing Calculator (2026)

Mortgage repricing is when you stay with your existing home loan bank but switch to a different loan package they offer — usually one with a lower interest rate. You're not changing banks, just changing the package. Because you remain with the same lender, you skip legal fees, valuation fees, and the lock-in penalty risk that comes with refinancing to a different bank. Most Singapore banks (DBS, OCBC, UOB, SCB, Maybank) offer repricing typically 3–6 months before your fixed/lock-in period ends.

Repricing keeps you with the SAME bank (just a new package); refinancing moves you to a DIFFERENT bank. Repricing has minimal cost — typically only a small bank admin fee ($200–$800) and no legal/valuation work. Refinancing requires a fresh loan application with the new bank: legal fees ($1,800–$3,000), property valuation ($200–$500), and potentially a lock-in penalty if you break your existing loan's lock-in (typically 1.5% of outstanding). Repricing is faster (1–2 weeks) and friction-free; refinancing can deliver a bigger rate cut if a competing bank is meaningfully more aggressive.

Most banks allow repricing once you're close to (or past) the end of your current lock-in period. Lock-in is typically 1–3 years on fixed-rate packages and shorter on floating-rate packages. Banks usually proactively offer repricing letters 3 months before your lock-in ends. You can also proactively ask your relationship manager. If you're still inside the lock-in, repricing usually triggers a penalty (1.5% of outstanding) just like refinancing would — so timing matters.

No. That's the core advantage of repricing over refinancing. Because the loan stays with the same bank, there's no new conveyancing, no fresh legal documentation, and no property revaluation required. The only cost is usually a small bank admin fee — typically $200 to $800 depending on the bank and package. Some banks waive even this for existing customers.

For DBS: log into iBanking → My Mortgage → Reprice Now, or call your mortgage specialist. For OCBC: call the mortgage hotline or visit a branch. For UOB: contact your UOB mortgage specialist. Each bank issues a repricing letter outlining the new package; you sign within their stipulated window (usually 14 days). The new rate typically takes effect at the start of the next interest period (e.g., next reset month for SORA-pegged packages). Always ask if there are competing packages — banks often have multiple options at any given time.

Yes. Most banks let you switch package type during repricing — fixed-rate to SORA-pegged, SORA-pegged to fixed, or between fixed-rate tenures (e.g., 2-year fixed → 3-year fixed). The new lock-in period typically resets with the new package, so check the new lock-in carefully — taking a 3-year fixed package gives you 3 fresh years of lock-in.

Quick rule: if the refinancing offer beats your bank's repricing offer by less than about 0.4% per year, repricing usually wins after factoring in legal fees, valuation, and any lock-in penalty. If the gap is more than 0.4% per year and you have at least 5+ years left on the loan, refinancing typically pays back. Use the comparison toggle in the calculator above to see the exact break-even month for your specific numbers.