A mortgage of £216,225 payable over 23 years, initially on a fixed rate until 31/03/26 at 1.29% and then on a variable rate of 4.49% for the remaining 18 years would require 62 payments of £915.77 and 214 payments of £1,779.53. The total amount payable would be £310,329 made up of the loan amount plus interest (£92,972) and fees (£1,132). The overall cost for comparison is 3.2% APRC representative.