🔄How Does Mortgage Buyout Work?
Switching your UAE home loan to a new bank involves several one-time fees: an early settlement fee, mortgage release fee, trustee fee (AED 4,200), and mortgage registration fee (0.25% + AED 290). This calculator shows your true net saving after all switching costs.
Your Current Mortgage
The remaining principal you owe today
How many years are left on your current mortgage
Your current annual rate (check your mortgage statement)
Mortgage release fee: AED 1,290 (paid to current bank)
1% of outstanding loan, capped at AED 10,000 maximum
New Bank Offer
Same as your outstanding balance
Default: same as current (– yrs). Increase tenure to lower monthly EMI.
The new annual rate offered by the refinancing bank
Charged by new bank on loan amount (default 0% — adjust if bank charges)
Fixed Government / DLD Fees
How UAE Mortgage Buyout Works
Check Your Current Rate
Find your current interest rate and outstanding balance on your mortgage statement or by calling your bank.
Compare the Numbers
Use this calculator to see your exact monthly saving, total interest saving, and how long before you break even on switching fees.
Switch & Save
Our mortgage experts will handle your full buyout application — from bank comparison to final transfer.
Tools & Resources
Powerful tools to help you make smarter financial decisions
Get a Free Mortgage Buyout Consultation
Our UAE mortgage specialists compare live rates from 20+ banks and manage your entire buyout — completely free to you.
Important Disclaimer
⚠️ Results are indicative only. These figures are estimates and do not constitute a formal mortgage offer.
🏦 Bank policies may change. Interest rates, fees, and eligibility criteria vary by bank and change frequently.
📄 Formal approval required. Final savings confirmed only after the bank's official underwriting process.