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Compare fixed-rate mortgages

A fixed-rate mortgage gives you a special interest rate for a fixed period time, meaning your monthly repayments will stay the same until the fix ends.

This calculator compares two fixed-rate deals. The length of fix and any fees complicate this – we break down the cost per month, over the fixed terms and until the mortgage is repaid.


Fixed Mortgage 1

£ %

Fixed Mortgage 2

£ %
Add these fees to the mortgage?

Fix 1: Your monthly 'fixed' payment is £{{result_fix1_monthlypayment_ValueText}} with a cost over the fixed term of £{{result_fix1_totalCost_ValueText}}

(Fixed Interest: {{resultsData.totals.mortgage_1_interest_rate}}% | Fees: £{{result_fix1_fees_ValueText}} | Deal length: {{resultsData.totals.mortgage_1_fix_term}}yrs | standard rate: {{resultsData.totals.mortgage_1_interest_rate_after}}%)

Fix 2: Your monthly 'fixed' payment is £{{result_fix2_monthlypayment_ValueText}} with a cost over the fixed term of £{{result_fix2_totalCost_ValueText}}

(Fixed Interest: {{resultsData.totals.mortgage_2_interest_rate}}% | Fees: £{{result_fix2_fees_ValueText}} | Deal length: {{resultsData.totals.mortgage_2_fix_term}}yrs | Standard rate: {{resultsData.totals.mortgage_2_interest_rate_after}}%)

Could you get a cheaper rate?

Use the MSE's Mortgage Best Buys Comparison to find the best deal for you.

Your remaining debt

(assuming your interest rate stays the same)

Year Fix 1, Remaining debt (Fix ends after {{ resultsData.totals.mortgage_1_fix_term }} years) Fix 2, Remaining debt (Fix ends after {{ resultsData.totals.mortgage_2_fix_term }} years)
{{$index}} £{{year.mortgage1.annual_actual_outstanding | currency : "" :0}} £{{year.mortgage2.annual_actual_outstanding | currency : "" :0}}
Full term cost £{{resultsData.mortgage1.totals.totalWithInterestAndFees | currency : "" :0}} £{{resultsData.mortgage2.totals.totalWithInterestAndFees | currency : "" :0}}

The nerdy bit – see how the debt is gradually paid off

In the first few years of the mortgage, you're paying proportionally more interest, so the debt only reduces slowly, as the table above shows. However, making overpayments can eat into the debt and massively reduce the amount you repay in total as it means less interest overall (always check there aren't overpayment penalties beforehand).

Use our Overpayment Calculator to see how much you can save.

IMPORTANT! Please read...

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).