Representative example A mortgage of £226,340 payable over 24 years, initially on a fixed rate until 30/11/25 at 1.89% and then on a variable rate of 3.99% for the remaining 19 years would require 61 payments of £978.18 and 227 payments of £1,172.01. The total amount payable would be £325,940 made up of the loan amount plus interest (£99,375) and fees (£225). The overall cost for comparison is 3.2% APRC representative.