Mortgages - remortgage calculator

Switching your mortgage, or remortgaging, can be an efficient way to save money on your monthly repayments. Taking advantage of lower rates can add up to big savings. If there’s a deal that’s caught your eye, use this calculator to see how much it could save you.

Remember however that it’s a big decision, and so fees, penalties and all figures need to be looked at carefully before you decide.

Your current mortgage

How much do you owe on your mortgage?

£

What is the interest rate on your current mortgage?

%

How many years until you pay off your current mortgage?

yrs

Is your current mortgage interest-only or repayment?

Interest only Repayment

Your new mortgage

How much do you want to borrow on your new mortgage deal?

£

What is the interest rate on the new deal? Check current rates now

%

How many years does the new deal last? (e.g. for a 2 year fixed rate, answer: 2)

yrs

How many years is the entire term of the new mortgage? (e.g. 25 years)

yrs

What is the application/arrangement fee?

£

Are you planning on adding the application/arrangement fees to the mortgage?

Yes No

How much are the Survey, Valuation and Legal fees? (these are normally paid upfront)

£

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Some important information about this page

Some lenders will not put Base Rate changes into effect until the end of the month, some of the rates shown here may still reflect older Base Rates

lovemoney.com is an introducer appointed representative of lovemoney.com financial services who are authorised and regulated by the FSA (FSA FRN 479153). Registered office: 2nd Floor 112 – 116 Old Street, London EC1V 9BG.

lovemoney.com financial services also works with London & Country Mortgages Ltd.

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

The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.

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Results	Interest only	Repayment
Monthly payment (current mortgage)
Monthly payment (new mortgage)
Monthly savings
What you'll need to pay upfront
The total you'll pay over (current mortgage)
The total you'll pay over (new mortgage)
Outstanding loan amount after (current mortgage)
Outstanding loan amount after (new mortgage)
How much switching will save you over