there's a lot of other factors ur not seeing...

1) for 1st year, what ur paying mostly is interest...very little on the principal..even if ur current market value is 270k, ur able to get max of 90% of that, which is around 243000...u took a loan of 214200...that being said, actual house value only can be determine after a proper valuation is done - by pro valuer i.e. paid services..

2) loan interest 1year ago is very much more attractive compared to now which is B-1.8...you might end up paying higher interest rate.

assuming ur able to get a refinancing
3) u first need to go to your bank to request for a redemption statement, which will let you know precisely how much u need to pay to 'settle' the loan, including penalty fees (roughly 2-3% of your MOF) redemption statement is RM50

4) need to pay valuation fees...around RM1k

5) need to pay lawyer fees...around RM1k

6) wait for 2-3 months for all transfers to be settled.

7) not sure ur able to get back alot of money from refinancing...i honestly dont think so..plus, those money you've paid for past one year, gone with the wind...

my 2 cents - not worth refinancing now (after only 1 year)..best time is after 5 years.....