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New Mortgage PaymentsMy m

Hello, is there a way for me to roughly work out what my new monthly mortgage payments would be when getting a new deal?

My mortgage deal is running out next year sometime after a 5 year fix and pay X amount now, I will be getting another 5 year fix (more than likely) but i’d like to workout somehow what my new monthly payments would look like, I don’t know where to go or what to do to look at.

Any ideas? :D 

Comments

  • MFWannabe
    MFWannabe Posts: 2,473 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Here: https://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator/
    enter amount owing, mortgage period and interest rate 
    theres also an overpayment calculator on there too 
    MFW 2025 #50: £1989.73/£6000

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    12/08/25: Savings: £12,000



  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You could also use " Whatsthecost " website.
    Just put in the outstanding balance, interest rate, number of years 
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Unless something massive happens with rates it will be similar to now. 

    Your LTV should be better which may get you a better rate and lower the payment. 

    What we're the details of the mortgage you have now? 
    Amount, term, rate, payment. 
    Any overpayments? 


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