Remortgage Calculator
Calculate whether remortgaging saves you money. Break-even analysis including early repayment charges and fees.
Net saving
£37,516
Current deal
£
£10k£5m
%
0%10%
years
1 yr35 yrs
%
0%10%
New deal
%
0%10%
years
5 yrs40 yrs
Fees
£
£0£5,000
£
£0£2,000
£
£0£3,000
Net saving over full term
£37,516
Break-even in 11 mo
Monthly payment comparison
£1,376
Current (5.5%)
£1,212
New (4%)
Save £164/mo
Interest saved
£39,315
Switching costs
£1,799
Switching cost breakdown
| Arrangement fee | £999 |
| Valuation fee | £300 |
| Legal fee | £500 |
| Total | £1,799 |
Cumulative net saving over time
Net saving
Break-even
Switch! You'll save £164 per month and break even on switching costs in just 11 months. Over the full term, you'll save £37,516 net (£39,315 interest saved minus £1,799 in fees).
For illustration only. Actual rates, fees, and charges depend on your lender and circumstances. Speak to a mortgage adviser before switching.