Mortgage Calculator

How much will my mortage cost?

The exact cost of your mortgage will depend on a number of factors. The mortgage payment calculator below provides an approximate indication of monthly payments and should not be relied upon for definitive figures. Different mortgage lenders will calculate repayments in different ways, using either daily, monthly or yearly interest calculations. For a true cost of lending, please consult your lender or mortgage broker.


Mortgage required	£
Repayment period		years
Interest rate		%
Results
Monthly repayment	£
Interest only	£

Your results

The first figure illustrates the total monthly payment for a straight repayment mortgage, including both interest and payment towards the capital loan amount. This reduces the amount owed on the capital, month by month. The second figure shows the amount of interest payment only.

Anyone opting for an interest-only mortgage, such as linked to an endowment, ISA or pension savings policy, will need to add the cost of the monthly premiums of the policy to the interest figure above. On maturity the savings policy is intended to pay off the capital loan

These figures are only a guide. We recommend that you obtain exact figures from a specific lender before committing to any mortgage.

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