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Mortgage calculator

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USING OUR NEW BUILD MORTGAGE REPAYMENT CALCULATOR

Based on the amount of mortgage you require; you can find out what your monthly repayments may be. This figure is based on the results from the information you enter. It is also dependent on the number of years the repayment is made and the interest rate.

When looking at this figure it is always good to consider how much repayment you can comfortably afford. Do not try to stretch yourself too far, making sure your budget allows for life’s uncertainties.

Mortgage calculator:

The first step is to enter your house value and how much you can afford to pay towards your deposit.

House Value

£300,000

Deposit Amount

£15,000

Mortgage required

£285,000

Loan to value

95%

Typical Monthly Repayments:

To get an idea of how much you will be paying each month, select over how many years you want to pay off your mortgage and the typical interest rate you have been quoted. 

Years

25

Interest Rate

3%

Monthly repayment

£1,352

COMPLETE!:

Now you’ll be left with a figure for your monthly repayments.

Mortgage required:

£300,000

Interest rate:

3%

Monthly repayments

£1,352

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