Calculate Your Total Mortgage Cost

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Your Total Mortgage Cost Analysis

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Total Cost
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Total Interest
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Monthly Payment
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Total Fees

Cost Breakdown

Loan Principal £0
Total Interest £0
Arrangement Fee £0
Valuation Fee £0
Legal Fees £0
Broker Fee £0
Other Fees £0

Cost Comparison

Interest vs Principal

Interest: 0%

Principal: 0%

Fees vs Total Cost

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Mortgage: 0%

Cost per £1k Borrowed

Total: £0

Interest only: £0

Cost Breakdown Chart

Understanding Your Total Mortgage Costs

Interest Costs

  • The largest component of your total cost
  • Depends on rate, term, and loan amount
  • Longer terms mean more total interest
  • Even small rate differences add up

Upfront Fees

  • Arrangement fees from your lender
  • Valuation and survey costs
  • Legal and conveyancing fees
  • Broker fees for professional advice

Hidden Costs

  • Early repayment charges
  • Exit fees when switching
  • Buildings insurance premiums
  • Mortgage protection insurance

Cost Optimization

  • Compare total costs, not just rates
  • Consider shorter terms for less interest
  • Factor in overpayment options
  • Review and remortgage regularly

Cost Reduction Tips

Shop Around

Compare offers from multiple lenders to find the best total deal, not just the lowest rate.

Increase Your Deposit

A larger deposit can unlock better rates and reduce your total borrowing costs.

Consider Shorter Terms

Shorter mortgage terms mean higher monthly payments but significantly less total interest.

Make Overpayments

Regular overpayments can reduce your mortgage term and save thousands in interest.

Review Regularly

Remortgage every 2-5 years to ensure you're always getting the best available deal.

Factor in All Costs

Consider arrangement fees, insurance, and ongoing costs when comparing mortgages.