Remortgage comparison calculator
Remortgage comparison
Compare payments and total interest at a different rate.
Compare switching mortgage
IllustrativeCurrent mortgage
£
%
years
months
New mortgage
%
£
£
£
£
years
Estimated extra cost of switching now
£10,189.73
Current payment£1,997.10
New payment£2,096.00
Switching cost£1,499.00
Wait-until-expiry cost: £435,275.45Estimated balance at expiry: £350,257.46. Waiting avoids the ERC in this model.
Like-for-like comparison
Cost and balance by horizon
| Horizon | Keep current | Switch now | Current balance | New balance |
|---|---|---|---|---|
| 2 years | £388,048.38 | £393,105.34 | £340,117.98 | £341,302.34 |
| 3 years | £401,461.02 | £408,259.47 | £329,565.42 | £331,304.47 |
| 5 years | £426,978.98 | £437,168.71 | £307,152.98 | £309,909.71 |
| 10 years | £482,278.95 | £500,225.90 | £242,626.95 | £247,206.90 |
Planning a switch
Compare the whole mortgage deal
A rate comparison should also account for product and exit fees, cashback, early repayment charges, the comparison period and the balance still outstanding. Eligibility, affordability and the lender’s property valuation can affect which options are actually available.