Your Mortgage Calculator
We’ve provided you with a free nifty tool to work out your monthly mortgage payments based on a particular interest rate ...
Notes: Please note this is a guide only. This information does not include all the details you need to choose a mortgage. This is not a personalised illustration. The figures are subject to validation of income, credit checks and property valuation.
Repayment Mortgages:
With a repayment mortgage, your monthly payment goes towards repaying capital borrowed and paying interest. This calculator is designed to show you how the interest portion of your repayment will be affected by a change in interest rates. Remember that a rise in your repayments as a result of a rise in interest rates will NOT affect the amount of capital you have outstanding.
Interest-Only Mortgages:
With an interest-only mortgage, your monthly payments pay only the interest. You don’t pay off any capital until the mortgage comes to an end. To make sure you have the money to do this, usually you also make monthly payments into an investment plan, such as an individual savings account (ISA) or endowment policy (and these types of mortgage are commonly known as ‘ISA mortgages’ and ‘endowment mortgages’). This calculator will show how your interest repayments are affected. Remember that the amount of capital you owe will not be affected.
If you would like a tailored mortgage quotation based on your individual circumstances, click here
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The overall cost for comparison is 9.0% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but our average fee is 2.28% of the loan value. We are authorised and regulated by the Financial Services Authority for regulated mortgage and non-investment insurance contracts.
