Switching Calculator - Lower your mortgage costs 

When comparing variable rate mortgages bear in mind the effect that an increase in interest rates might have on the overall cost of a mortgage; there is very real risk that anyone with a variable rate mortgage could see their curent mortgage rate rise by 1% to 2% over the next few years, maybe even more than this.

About your current mortgage

How much do you owe on your mortgage? (e.g. 50000)

Amount owed that is interest only (e.g. 20000)

Remaining mortgage term (e.g 19.5)

Cost to leave your current lender? (e.g 295)

What % rate do you currently pay with your lender? (e.g 3.95)

      How long will you pay this interest rate? (in months e.g. 5)

      When this rate ends, what rate will you then pay? (e.g. 5.95)
     
About the new mortgage

Total setup cost of new mortgage (survey fee, legal fee, arrangement fee. e.g. 995)

Is there a mortgage broker fee to pay for advice? (e.g. 295)

What % rate will the new mortgage start at?

     How many months does the 'start rate' rate last? (e,g 24)

     What rate is charged when the'start rate' ends? (e.g 4.95)

Comparison Period in months (e.g. 24)