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Remortgage Calculator

This calculator will help you to decide whether or not you should remortgage your current mortgage at a lower interest rate. Not only will this calculator estimate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the additional costs to do so. It works best with accurate inputs: -

Enter the balance of your mortgage:
(call your current lender and ask for the current balance)

Enter the amount of your monthly mortgage payment:
(capital & interest only)

Enter the your mortgage's current interest rate:

Enter interest rate you will be remortgaging at:

Enter the term of your mortgage in years:

Enter the total cost (arrangement, exit, legal & survey fees) that will be required for remortgaging:

This is how much your monthly payment could be if you remortgage:

Monthly Savings:

Number of months to break even on remortgage costs:

This is how much interest you could pay under your current monthly payment plan:

This is how much interest you could pay under your remortgaged monthly payment plan:

This is how much interest you could save if you remortgage:

Net Remortgage Savings (interest savings less remortgage costs):

If you complete our form, we can provide personalised & accurate quotes straight to your inbox.

 





 

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Your home may be repossessed if you do not keep up repayments on your mortgage.


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The FSA do not regulate conveyancing and some forms of mortgage.

 
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