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.
Now you’ll be left with a figure for your monthly repayments.
Mortgage required:
£300,000
Interest rate:
3%
Monthly repayments
£1,352