How does MSE calculate "MSE Total Cost" in the Mortgage Best Buys tool

bernieA

Hi I have been using the Mortgage Best Buys tool available from the First Time Buyers Mortgage guide to help choose a mortgage provider for my daughter. I can't understand how they calculate the "MSE Total cost" figure which is supposed to be the total cost of repayments and fees in the first 12 months.
Here is an example.
can you explain how the Mortgage Best Buys Tool calculates the MSE Total Cost figure? I do not understand it.

I have attached a result that I got from it. To summarise;

Purchase price = £95000

Deposit = £9500

LTV=90%

Result for M&S Bank 2 year variable FTB

Monthly repayment = £332

Total Fees = 0

MSE total cost = £3490 for first 12 months

FTB Cashback = upto £1000


12x332=3984


Did the tool spread the cashback over 2 years maybe

marblecake

If you click on the figure in the Total Cost column, it should give you a breakdown of the calculation.