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Remortgage Savings Calculator

Compare a current repayment mortgage with a new rate and term, including remortgage fees.

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HOW IT WORKS

How the Remortgage Savings Calculator works

1

Enter your current mortgage

Add the outstanding balance, current interest rate and remaining term.

2

Enter the new deal

Add the proposed rate, term and remortgage fees.

3

Compare the costs

See estimated monthly payment differences, interest differences and savings after fees.

COMMON QUESTIONS

Frequently asked questions

What does the calculator compare?

It compares repayment-mortgage payment maths for the current and proposed rates and terms.

Why can a lower monthly payment still cost more overall?

Extending the mortgage term can lower monthly payments while increasing the number of interest-bearing months.

What fees should I include?

Include fees you expect to pay specifically for the remortgage comparison, such as arrangement or legal costs where relevant.

Is this mortgage advice?

No. It is a numerical comparison and does not assess product eligibility, lender criteria or whether remortgaging is suitable for you.