Remortgage fee break-even calculator UK
Work out how long monthly payment savings take to recover switching costs. Check the formula, worked example and limits before using your own figures.
Enter your figures
Months to recover costs
Inputs changed. Select Calculate result to update your estimate.
Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Cash-flow comparison only. A lower payment caused by a longer term is not necessarily lower lifetime cost. Include applicable early repayment charges.
How the remortgage fee break-even calculator uk works
Break-even months = switching costs ÷ monthly payment reduction.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
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Worked example: remortgage fee break-even
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Current monthly payment (£)
- 1,200
- New monthly payment (£)
- 1,100
- Total switching and exit costs (£)
- 1,500
Months to recover costs: 15 months
Break-even months = switching costs ÷ monthly payment reduction.
Remortgage fee break-even: questions answered
What does the remortgage fee break-even calculation include?
Break-even months = switching costs ÷ monthly payment reduction. Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Cash-flow comparison only. A lower payment caused by a longer term is not necessarily lower lifetime cost. Include applicable early repayment charges.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
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