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Remortgage Savings

This remortgage calculator will help you to decide whether or not you should remortgage your current property at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on any costs involved in remortgaging.

Please note that this calculator assumes you have a repayment mortgage (capital & interest) - if you are considering switching from an interest-only mortgage, please click here to request further information.
Remortgage Calculator
Enter the current balance of your mortgage:
(your existing mortgage lender can supply this information if you are unsure)
Enter the total amount of your monthly mortgage payment:
(capital and interest)
Enter the interest rate on your current mortgage:
Enter interest rate you will be remortgaging at:
Enter the number of years you will be remortgaging for:
Enter the total of any costs involved in remortgaging:
(any redemption penalties to your existing lender plus any arrangement, valuation and legal fees for your new mortgage)
This is how much your monthly payment will be if you remortgage:
Monthly Savings:
Number of months to break even on remortgage costs:
This is how much interest you will pay if you keep with your existing mortgage:
This is how much interest you will pay if you remortgage:
This is how much interest you will save if you remortgage:
Net savings from remortgaging (interest savings less closing costs):
Based on an original script from Web Winder Site Traffic Magnets.

Please note the figures produced by this calculator are for illustration only and do not represent a firm quote.

To request a more detailed analysis of the savings you could make by remortgaging please click here