Calculate Your Total Mortgage Cost
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
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Total Interest
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Arrangement Fee
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Valuation Fee
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Legal Fees
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Broker Fee
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Other Fees
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Cost Comparison
Interest vs Principal
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Principal: 0%
Fees vs Total Cost
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Mortgage: 0%
Cost per £1k Borrowed
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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.