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Mortgage comparison tool/site?
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suzyp1982
Posts: 255 Forumite


Does anyone know of a mortgage calculator/comparison site etc where it shows the cost of the mortgage over the term? Ie if I take a fix for 5 years, the cost for 5 years including fees etc
The MSE one inly shows the first yr but I want to compare a 5yr against a 2yr for example
Thanks!
The MSE one inly shows the first yr but I want to compare a 5yr against a 2yr for example
Thanks!
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Comments
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Add the fees, get the monthly repayment and multiply it by 24 or 60.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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These comparison sites should not be relied on.
Use a broker if you want an accurate view.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
https://forums.moneysavingexpert.com/discussion/1157173
http://www.locostfireblade.co.uk/spreadsheet/Index.html
try this comparison excel spreadsheet, it may be what you want to cpmpare different mortgages.0 -
Remember, the amount outstanding at the end of two or five years is going to vary from lender to lender and product to product, so don't just take interest and fees and add them together in isolation.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Remember if going for a two year you should really add an assumption for what the product fee you will need to pay again in two years time. For example two 5 year fixes will cost you two product fees over 10 years. Five 2 year fixes will cost you 5 product fees over the same time frame. For larger mortgages it's often worth it. Less so for smaller mortgages.0
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