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Mortgage Calculator

Our online mortgage calculators will help determine how much a mortgage is likely to cost per month and maximum amount you could potentially afford to borrow. The free mortgage calculator below, will calculate monthly mortgage payments for an interest only mortgage or a repayment mortgage on your home. Our flexible mortgage calculator allows you to set the mortgage interest rate and discover the size of home loan you could afford.

How much can you afford?

The mortgage loan calculator (reverse mortgage calculator) gives an estimate of the maximum loan amount you could potentially afford to borrow, for a set payment per month. With this quick calculation, you are able to establish the size of mortgage loan you could afford. Is it better to rent or buy a property?


£
How much do you want
to spend?

Minimum: 5 years
Maximum:40 years
   
This monthly payment would allow:
Repayment Mortgage: £      Interest Only Mortgage: £

Calculate Monthly Payments

The mortgage repayment calculator will gives an estimate of the monthly cost of an interest only mortgage or a repayment mortgage. With this calculator the interest rate can be amended so when the mortgage rate changes you can gain an idea of how this would affect your pocket.


£
How much do you want
to borrow?

Minimum: 5 years
Maximum:40 years
   
Your monthly payment would be:
Repayment Mortgage: £      Interest Only Mortgage: £

Disclaimer

The Mortgage Calculator's are intended to give an idea of your likely monthly mortgage payments or the amount that could be borrowed based on your chosen monthly payment, this is based on the information you have supplied. Please be aware that these figures are a guide only. They do not in any way guarantee that you can obtain a mortgage or the amount you would be able to borrow. We recommend that you obtain exact figures & advice from a professional adviser before committing to any mortgage. Your final mortgage payments or the amount you are able to borrow may be higher or lower than the figures shown depending on your personal circumstances and mortgage chosen.

 

Repayment Mortgage

allows you to pay both the interest and payment towards the capital loan amount. Paying in this manner thus reduces the amount owed on the capital every month and guarantee's the mortgage will be repaid at the end of the term.

Interest Only Mortgage allows you to pay only the interest on the amount borrowed & not the capital. The capital would therefore need to be repaid in full at the end of mortgage term.

Interest only payments do not include any form of repayment vehicle such as an ISA or Endowment or any life cover costs. The morgage repayment cost includes capital and interest payments but makes no provision for life cover costs.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Broker fees may apply. Written details on request. All loans subject to status. Think carefully before securing other debts against your home.