Mortgage-Calc.uk
    Updated 7 August 2025

    Remortgage Calculator UK - Compare Savings & Costs

    Calculate potential savings from remortgaging, factor in all fees, and discover the break-even point. Make informed decisions about switching mortgage deals.

    Remortgage Comparison

    Compare your current mortgage with new deal options

    Current LTV:62.5%
    Current payment:£1,863.933

    Remortgage Savings Analysis

    £322.506

    Monthly Saving

    £3,870.072

    Annual Saving

    15 months

    Break-even

    Savings Breakdown

    Current monthly payment:£1,863.933
    New monthly payment:£1,541.427
    Monthly saving:£322.506
    Total setup costs:£4,599
    Break-even period:15 months
    Lifetime saving:£72,802.44

    Rate Impact Analysis

    Rate reduction:2.30%
    Current LTV:62.5%
    Effective annual saving:1.55%

    When Should You Remortgage?

    Ideal Remortgage Scenarios

    • • Your fixed rate is about to expire (3-6 months before)
    • • You can save at least £50+ per month after costs
    • • Your property value has increased significantly
    • • Your credit score has improved since your last application
    • • Market rates have fallen substantially
    • • You want to release equity for home improvements

    Good Remortgage Indicators

    • ✓ Break-even period under 18 months
    • ✓ Annual savings exceed £1,000
    • ✓ LTV improved by 5%+ since last mortgage
    • ✓ No early repayment charges

    When to Wait

    • • High early repayment charges apply
    • • Break-even period is over 2-3 years
    • • You plan to move house within 2 years
    • • Your financial situation has deteriorated
    • • Property value has fallen significantly
    • • Current deal still has beneficial features

    Warning Signs

    • ⚠ Exit fees exceed annual savings
    • ⚠ Break-even period over 36 months
    • ⚠ Your LTV has worsened significantly
    • ⚠ Recent adverse credit events

    Related Calculators

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    Early Repayment Calculator

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    Main Mortgage Calculator

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    Found Your Perfect Remortgage Deal?

    If the numbers look good, start your remortgage application. Many lenders offer fee-free remortgage packages and quick approvals for existing homeowners.

    Get Remortgage Quotes