Remortgage Calculator
Results
Monthly Repayments

Old Monthly Payment: €

New Monthly Payment: €

New Monthly Payment: €

Total Repayments

Old Total Repayments: €

New Total Repayments: €

Difference: €

Disclaimer: This calculator is a simple mortgage calculator intended for illustrative purposes only. It does not constitute financial advice and does not account for all variables that may impact your mortgage, such as lender-specific criteria, taxes, fees, insurance, or interest rate changes. The results provided are estimates and should not be relied upon as the sole basis for making financial decisions. For a more accurate assessment of your mortgage options, please consult with a qualified mortgage advisor or financial professional.

How the Mortgage Savings Calculator Works

The purpose of the mortgage savings calculator is to determine how much you can save by switching to a lower rate.

  • Outstanding Loan Amount: This is the remaining mortgage balance.

  • Current Interest Rate: This is the rate of interest you’re paying on your current mortgage.

  • Years Left on Mortgage: This is the number of years remaining on your current mortgage .

  • New Interest Rate: This is the rate of your new mortgage.

  • New Mortgage Term: You can change the length of your mortgage depending on whether you want to decrease your payments, or whether you want to decrease your term.

  • Exit Fees: These are also known as “breakage fees” and they refer to a penalty for exiting a fixed term mortgage agreement early.

  • Other Fees: It’s important to consider the cost of remortgaging, which includes costs like: solicitor fees, brokerage fees, and/or valuation fees.