Mortgage Calculator

Your results

The repayment figure gives the total monthly payment for a standard Capital & Interest mortgage. The total amount owed is reduced on a month by month basis, ensuring that the loan capital is fully repaid at the end of the mortgage term.

The second figure shows the monthly payment on an Interest Only mortgage.

If you opt for an Interest Only mortgage, the amount owed at the end of the mortgage term is the same as that initially borrowed. An investment vehicle, such an Endowment, Isa or Pension plan should be in place. The purpose of this on maturity is that the investment will be sufficient to repay the initial loan. This however, is not guaranteed and you should review the progress of the investment on a regular basis. The monthly premium for this investment should also be added to the interest amount to understand the overall cost.

These figures are an approximation only, and you should seek specific advice from your Mortgage Consultant prior to committing to any mortgage.