Mortgage Repayment Calculator
How Much Could My Mortgage Repayments Cost?
Securing a mortgage is a significant financial commitment. Failure to meet the monthly repayments as agreed upon in the mortgage deal can lead to the risk of home repossession. To effectively prepare, it’s advisable to estimate the monthly cost of your mortgage in advance.
Use our mortgage repayment calculator to forecast your potential monthly repayments. Simply input your loan amount, mortgage interest rate, and the duration of the mortgage term to receive a clear estimate.
Frequently Asked Questions
What can I use the mortgage repayment calculator for?
Explore our mortgage repayment calculator to:
Estimate your monthly repayment amounts.
Assess how changes in interest rates or term length might affect your payments.
Compare repayment differences between interest-only and capital repayment mortgages.
What are the different mortgage repayment types?
When getting a mortgage, you can select between two repayment types, these are ‘capital repayment’ and ‘interest-only’.
Capital repayment mortgages are where you gradually pay off the amount you’ve borrowed, in addition to the interest attached to the loan.
Interest-only mortgages are where you only pay the interest on the amount you’ve borrowed.
Our Other Calculators
The figure provided by our mortgage repayment calculator is an estimate which is subject to change. To get a definitive answer, we highly recommend that you consult with an expert mortgage broker who can offer you a comprehensive mortgage illustration. Contact us at 01915809890 for further details on the mortgage process today.