Mortgage Portability Simulator

Analyze whether it's worth transferring your mortgage to another bank with lower interest rates. Calculate the exact liquid savings, considering notary fees and guarantee revaluation costs required in the transition.

Quick Profiles:

Moderate Reduction Large Reduction Switch to PRICE

1. Current Contract Data

Outstanding Balance

Exact current amount for loan repayment.

Remaining Term

months

Remaining installments to be paid.

Current Interest Rate

% p.a.

Nominal or annual CET rate charged by the current bank.

Current Amortization System

2. New Bank Proposal

Proposed Interest Rate

% p.a.

Annual rate proposed by the new institution.

Proposed Amortization System

Portability Additional Costs

Property appraisal fee (report) + notary fees for registration.

Projected Liquid Savings

$ 0.00

Reduction in 1st Installment

$ 0.00

New Estimated 1st Installment

$ 0.00

New Bank Transition Costs

$ 0.00

Total Remaining Cost (Current Bank)

$ 0.00

New Total Cost (With Additional Costs)

$ 0.00

Total Remaining Disbursed (Comparative)

Installment Evolution Curve

Detailed General Comparative

Comparison Parameter	Current Scenario	Proposed Scenario (Portability)	Difference / Savings

What is Mortgage Portability and How Does it Work?

Mortgage portability is the right guaranteed by the Central Bank of Brazil (CMN Resolution No. 4,292/2013) that allows the borrower to transfer their mortgage from one financial institution to another that offers more advantageous commercial conditions (lower interest rates or lower Total Effective Cost).

Compulsory Costs in the Portability Process

Although the transfer of the outstanding balance itself is free (the original bank cannot charge exit fees), the process involves external bureaucratic costs that must be anticipated:

Property Appraisal Fee: The new bank needs to send an engineer or a certified company to physically appraise the property that will remain as collateral (fiduciary alienation). This report costs between $ 1,500.00 and $ 3,500.00, depending on the institution.
Notary Fees: It is necessary to issue new certificates and register the change of the fiduciary creditor in the property registration (R.I.) at the competent Notary's Office. This cost depends on the federal state and the amount of the debt.

Attention: Portability is only worthwhile if the interest savings generated by the new bank are superior to the sum of all these transition expenses.

Legal Rules of Portability in Brazil

The term of the new loan cannot be longer than the remaining term of the original contract.
The amount of the new loan cannot be greater than the updated outstanding balance of the original contract.
When requesting portability, the original bank has a legal term of up to 5 business days to offer a counterproposal (usually covering or matching the competitor's rate, which we call internal renegotiation).

Frequently Asked Questions

No. Portability is a consumer right regulated by the Central Bank. The bank of origin is required to provide the outstanding balance data and perform the early repayment of the debt when requested by the new bank. However, the original bank may try to renegotiate your rate within 5 business days to try to retain you as a customer.

Yes. During portability, you can renegotiate not only the interest rate but also the amortization system. Switching from SAC to PRICE can significantly reduce the initial installment amount, although the PRICE table accumulates more total interest over time. On the other hand, switching from PRICE to SAC will increase the initial installment, but will generate a decrease in subsequent installments and greater savings in the total cost.

No. The property transfer tax (ITBI) only applies when there is a transfer of ownership (sale and purchase of the property). In mortgage portability, the property remains registered in your name; only the fiduciary creditor changes. Therefore, there is a tax exemption from ITBI, and only the notary fee for registering the change of creditor is required.