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Mortgage Comparison Calculator

Compare mortgage deals side by side to find the cheapest option

Outstanding Balance
£220,000
£25k£1M
Mortgage Term
25 yrs
5 yrs40 yrs
Deal 1
Interest rate5.9%
1.0%10.0%
Arrangement fee £999
£0£2,000
Deal period
Deal 2
Interest rate5.6%
1.0%10.0%
Arrangement fee £1,499
£0£2,000
Deal period
Results

Cheapest over deal period

Deal 1

£1,404/month at 5.9%

Saves £48,652 over the deal period vs the most expensive option

Deal 1

£1,446

Monthly inc. fees

5.9% / 2yr

£999 fee

Deal 2

£1,389

Monthly inc. fees

5.6% / 5yr

£1,499 fee

Side-by-Side Comparison

Deal 1
Deal 2
Monthly payment£1,404£1,364
Monthly inc. fees£1,446£1,389
Cost over deal£34,696£83,349
Cost over full term£422,214£410,747
Effective rate0.00% 0.00%
Arrangement fee£999£1,499

Total Cost Over Deal Period

Deal 1£34,696
Deal 2£83,349
+£48,652

Fees matter more than you think

A lower interest rate doesn't always mean a cheaper deal. Arrangement fees can add £1,499 to the total cost. The effective rate accounts for fees, giving you the true cost of each deal.