Remortgage Calculator (UK)
This remortgage calculator compares your current mortgage payment to a new deal's payment, and works out how long it takes any exit fee to pay for itself. Enter your remaining balance, both rates, and your term to see your real monthly saving.
How much you still owe on your current mortgage.
The rate on your existing deal, or the rate you'd revert to if you don't remortgage.
The rate on the remortgage offer you're considering.
Years left on your mortgage.
Any fee your current lender charges for leaving before the deal ends — enter £0 if none applies.
Monthly payment saving
सेव करने के लिए लॉग इन करें$287
How much lower your monthly payment is on the new deal.
Frequently asked questions
Is remortgaging always worth it if the new rate is lower?+
Usually, but check for arrangement fees on the new deal too — a lower rate with a large upfront fee can sometimes cost more overall than a slightly higher rate with no fee, especially over a short remaining term.
What happens if I do nothing when my current deal ends?+
You'll typically move onto your lender's standard variable rate (SVR), which is usually noticeably higher than any fixed or tracker deal — this is exactly the gap this calculator is built to quantify.
Can I remortgage before my current deal ends?+
Yes, but you'll likely pay an early repayment charge unless you're within your lender's penalty-free switching window (often the last few months of your deal) — enter that charge in the exit fee field to see if switching early still pays off.
