Re-mortgage Calculator

Graeme7777

Hi,

I have mortgage with around 17 years left to run and the fix period is coming to an end soon.

Looking around it seems that there are 5 year fixed rates available that are better than what I currently have.

There is a pre-payment penalty if I settle the mortgage early and there is also a product fee for any of the new mortgages that I'm considering.

Is anyone familiar with a calculator, especially one in Excel, that will allow me to decide whether or not it's worth re-mortgaging, taking into account the change in interest rate and the upfront costs mentioned above ?

Thanks!

  

getmore4less

The locoblade one is probably your best bet

https://forums.moneysavingexpert.com/discussion/1157173/my-excel-mortgage-spreadsheet/p1

pretty easy to knock up one for your simple case.

Just add fees make the payments the same and see how much is left

or just post the details.