🔄

Remortgage Calculator

Compare your current mortgage with a new deal. Calculate monthly savings, break-even point, and total interest saved after remortgaging.

Current Mortgage

Details of your existing mortgage

Current BalanceThe outstanding balance remaining on your current mortgage. You can find this on your latest annual statement or by logging into your lender's portal.

\u00A3

Current Interest RateYour current mortgage interest rate. If you are on a tracker or variable rate, use the current rate you are paying.

Remaining TermThe number of years left on your current mortgage. If your current deal ends before the full term, consider the full remaining term for comparison.

years

Current Monthly PaymentYour current monthly mortgage payment. This is typically shown on your bank statement or mortgage statement.

\u00A3

New Mortgage Deal

Enter the terms of your potential new mortgage

New Interest RateThe interest rate on the new mortgage deal you are considering. This could be a fixed, tracker, or variable rate.

New TermThe mortgage term for the new deal. You can choose to shorten the term to pay off faster or extend it for lower monthly payments.

years

Arrangement FeeThe product fee charged by the lender for the new deal. This can sometimes be added to the mortgage balance. Typical fees range from \u00A30 to \u00A32,000.

\u00A3

Valuation FeeThe cost of a property valuation. Some lenders offer free valuations as part of their deal. Typically \u00A3250\u2013\u00A31,500 depending on property value.

\u00A3

Legal FeesSolicitor or conveyancer fees for the remortgage. Remortgage legal work is typically cheaper than a purchase — around \u00A3500\u2013\u00A31,000.

\u00A3