Double checking - remortgage/rate change

thenewbee

Hello

Just looking for someone to sense check the following (don't really have anyone to ask IRL)

We're staying with FD at the end of our 2 yr fix, and have the following options:

85% LTV
5yr Fee Saver 3.14% £0 fee £706 monthly repayment
5yr Loyalty 2.89% £950 fee £685 monthly repayment
5yr Loyalty 2.99% £450 fee £693 monthly repayment

80% LTV
5yr Fee Saver 2.89% £0 fee £664 monthly repayment
5yr Loyalty 2.63% £950 fee £643 monthly repayment
5yr Loyalty 2.70% £450 fee £649 monthly repayment

I've decided to go with the 85% LTV second 5yr Loyalty offer (£450 fee) for the following reasons:
- to get our LTV down to 80% (will be at 83%) we'd have to overpay by £4,438 which I worked out as £73.97 per month over the 5 years, which is more per month than we would save in our monthly repayments.
- the difference in repayments between the £450 fee and £950 fee deals is obviously £500, but the difference in monthly repayments is £480 over the 5 years.

Is this all correct? Am I making the right choice?
Thanks in advance!:beer:

getmore4less

Add the fees make the payments the same see which you owe least on after 5 years.