Mortgage renewal: compare two rates
At renewal you can shop around. A small rate difference adds up over a term; this shows exactly how much.
Assumptions
- Semi-annual compounding, monthly payments, rate fixed for the term.
- Excludes switching costs (discharge, legal, appraisal); some lenders cover them.
General information, not financial advice. This calculator gives rough estimates from simplified assumptions. It does not know your full situation. Check with a qualified professional and the official sources before making decisions.
Sources
Figures checked October 16, 2026. Rules and limits change; confirm with the source before acting.