Our calculator is easy to use and is designed to give you an estimate of your monthly repayments on both an interest only and a capital repayment mortgage.
Simply type in the mortgage amount required, followed by the term of the mortgage. You can then customise the interest rate if needed.
*PLEASE NOTE: Our calculator is for guidance only and it is not a guarantee that you are able to borrow the amount you have suggested. It also does not constitute the offer of a mortgage. Contact us for further details.
Your Results
The first figure gives 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 outlines an interest only payment. Anyone opting for an interest-only mortgage, such as 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.
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.