Mortgage: Fee vs No-Fee

Compare two products: one with a product fee (often lower rate) and one without a fee (often higher rate). See total cost over your fixed period and the break-even point.

Loan amount (£)

Term (years)

Fix length (years)

We compare total cost just over this fixed period.

Payment frequency

Option A — With Fee

Rate (APR, %)

Product fee (£)

How to handle the fee

Overpayment per period (£)

Option B — No Fee

Rate (APR, %)

Product fee (£)

How to handle the fee

Overpayment per period (£)

Difference in total cost over fix
Extra cost per period (B − A)
Break-even fee (approx.)

Option A — With Fee

Option B — No Fee

Option A — With Fee

Option B — No Fee

Summary