Free tools/Early Repayment Charge Calculator
Early Repayment Charge Calculator
Estimate the early repayment charge if you leave a fixed deal early - using a percentage of the outstanding loan or a fixed amount from your offer letter.
£
%
Many fixed products step down year by year
Early repayment charge
£5,625
Effective % of loan
3.00%
How to use this tool
ERC is often the deciding number between waiting out a fix and remortgaging early. Feed the result into the remortgage savings calculator.
Browse all free calculators on the tools index.
Frequently asked questions
- Where do I find my ERC?
- Your mortgage offer or annual statement usually lists the ERC percentage by year of the fix.
Related
Illustrative only - not mortgage, tax or financial advice. Figures depend on your lender, tax status and circumstances. Always check with a qualified adviser before acting.