Double check my mortgage figures please

[JapanRed]

Hi all,

Can someone check my figures below are correct.

I have a current BTL mortgage and am considering moving to a better deal.

Current mortgage BTL Proposed mortgage BTL
Interest rate 3.74% 1.94%
Rental income £625 £625
Interest cost £411 £214
Offset 75% of interest cost £308 £161
Profit (rental income - offset) £317 £464
Profit after 40% tax £190 £278
Profit over 2 years £4,560 £6,672

If the figures above are correct then it would seem I am better to move to the new deal. Unfortunately there is a £1960 fee payabla ewhich basically wipes out any profit.

Am I missing something?
Are my figures correct?

[JapanRed]

Sorry the format hasnt come out as I expected. Appreciate its difficult to read that.

The first figures are what im currently on, the second figures are the proposed new mortgage.

Thanks

[JapanRed]

[Sarnie]

What is the loan amount?

[JapanRed]

£132k