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can't you just model it in excel/google sheets with a couple of different options. Nothing complicated
Sell house (port): EA fee, solicitor fee, moving fee, port mortgage fee
Buy house (port): SDLT, solicitor fee, port mortgage fee, additional mortgage fee if amounts aren't identical and not topping up with equity, total monthly mortgage
Sell house (early repay mortgage), EA fee, solicitor fee, moving fee, port mortgage fee
Buy house (new mortgage): SDLT, solicitor fee, mortgage arrangement fee, broker monthlyNew mortgage: Month 1 = mortgage payment a + fees, monthly payment a
Port mortgage: similar monthly profile -
Not many calculators out there that will work out all the costs for you, it would be a spreadsheet job.
Assuming you’re also looking at whether you should port the mortgage or consider a brand new mortgage/lender and pay the early penalty charge to leave the current deal? Also as lenders lend different amounts, it’s not unusual at the moment to tactically pay the early repayment charge to move to a lender that offers loads more lending. Crazily, there are lenders that are back up to lending 5.5x - 6x salary multiples in certain cases.
I can work out some numbers for you if you like? (I’m a broker)
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bobble
Acliff
@musa
Does anyone have a good calculator to work out figures on buying and selling with options of porting/new mortgage
Or is just a job for a broker?
I just need guage where things are at