We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Time to ditch my fix?
LCK73
Posts: 244 Forumite
Can anyone help me with some snazzy calculator to work out if I should ditch my fix?
Got 18m left on 5 yr fix at 3.59%.....with £2k of ERC.
Just seen a 5 yr fix looming that looks of interest, so it would allow me to overpay and knock years of mortgage term...
Trying to figure out how to do the math?!
Thank you.
Got 18m left on 5 yr fix at 3.59%.....with £2k of ERC.
Just seen a 5 yr fix looming that looks of interest, so it would allow me to overpay and knock years of mortgage term...
Trying to figure out how to do the math?!
Thank you.
0
Comments
-
There's one on this website, under the "mortgages/homes" section at the top of the page.0
-
Add all the fees then make the payments the same and see when the break even point is.
Give the fees, rates, follow on rates, size of the loan, term it will be easy to do.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards