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Fee against rate

A lower rate with a fee is not automatically cheaper. The fee in this illustration is added to the balance.

Fee added to the loan

Both examples are assumed to run on a 25-year repayment, with the fee added to the balance. The comparison window is the period you type. A lender may charge the fee upfront instead. This is not a product search.

A over 2 years
£1,352.74a month
Payments in the window £32,466. The fee is inside the balance, so it is not added again.
B over 2 years
£1,403.81a month
Payments in the window £33,691.

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