Ultimately, you want your interest savings (in other words: lower monthly payments for your home) to outweigh the costs involved.
"}},{"componentType":"sectionTitle","title":"These are the costs you’ll usually pay when refinancing"},{"componentType":"paragraph","richBody":{"value":""}},{"componentType":"accordion","accordionList":[{"title":"Repayment penalty","richBody":{"value":"In most cases, the repayment penalty on your current mortgage is the largest cost. This is also commonly referred to as a penalty fee or early repayment charge. You pay this fee when you end your fixed‑rate period early and your current lender suffers a financial loss as a result. The amount of this penalty depends on your situation, including your current interest rate and the time remaining in your fixed‑rate period.
In short: the longer the remaining fixed‑rate period, the higher the repayment penalty tends to be.
Your current mortgage provider can tell you exactly how much your penalty will be.
A new mortgage requires financial advice. Your adviser also spends time handling the refinancing process for you, and you pay advice and arrangement fees for this.
"}},{"title":"Notary fees","richBody":{"value":"
Switching to a new mortgage provider also means visiting the notary to sign a new mortgage deed. Don’t forget about additional costs such as cancellation (royement) fees to remove your current mortgage registration.
Then consider our Notary Service: a fixed fee for all your notary costs. You can choose from 60 participating notaries across the Netherlands, so there’s almost always one nearby.
Your adviser can tell you more. It’s optional, you’re not obliged to use it.
Switching to another provider also means you’ll need to know what your home is worth. If the value has increased significantly, you may qualify for a lower interest rate. This usually requires a valuation report.
Then consider our Valuation Service: a competitive rate that can save you hundreds of euros. Your adviser can tell you more. Again, it’s optional, you’re not obliged to use it.
Some mortgage providers allow you to refinance without penalty in the final three months of your fixed‑rate period. Check with your current mortgage provider whether this applies to you.
Important: you always pay advice, notary and valuation fees.
"}},{"componentType":"sectionTitle","title":"Want to calculate when you’ll earn back the refinancing costs?"},{"componentType":"paragraph","richBody":{"value":"Here’s what you need:
View the example calculation.
"}},{"componentType":"sectionTitle","title":"Are refinancing costs tax‑deductible?"},{"componentType":"paragraph","richBody":{"value":"Refinancing costs are only tax‑deductible if they relate to refinancing the mortgage on your main residence, and only in the tax year in which you refinanced.
Examples of deductible costs include:
Good to know:
If you include the repayment penalty in your new mortgage, the interest on that financed amount is not tax‑deductible.
Refinancing costs are only tax‑deductible when they relate to refinancing your mortgage on your main residence, and only in the year you refinanced. Examples of deductible costs include:
Important: If you include the repayment penalty in your new mortgage, the interest you pay on that part is not deductible.
"}},{"componentType":"sectionTitle","title":"Get answers straight away"},{"componentType":"paragraph","richBody":{"value":"Want a quick, no‑obligation 10‑minute call with us?
"},"textLinks":[{"url":"https://www.ing.nl/particulier/hypotheek/contact/oversluiten?subscrid=cmnl-mort-oversluiten","text":"Call me now"},{"url":"https://www.ing.nl/particulier/hypotheek/contact/oversluiten?subscrid=cmnl-mort-oversluiten","text":"Schedule when we can call you"}]},{"componentType":"paragraph","title":"Tip: Find out in 1 minute whether refinancing could benefit you","richBody":{"value":"Whether refinancing is worthwhile varies per person. Take the free test and find out in just one minute if refinancing to ING could be interesting for you. Who doesn’t want lower monthly payments?
"},"textLinks":[{"url":"/en/personal/mortgage/mortgage-refinancing/refinance-tool","text":"Take the free refinancing test"}]},{"componentType":"cta","textLink":{"url":"https://www.ing.nl/particulier/hypotheek/contact/oversluiten?subscrid=cmnl-mort-oversluiten","text":"Discuss your options"}}]}}}