Your mortgage is likely to be your biggest outgoing so you are bound to be asking “how much will my mortgage will cost” early on in your mortgage research.
Our mortgage calculator will give you an indication of how much a particular mortgage will cost you each month. Simply input how much you want to borrow, the interest rate and the number of years you will borrow it over. Our mortgage calculator will do the rest for you and tell you your monthly payments.
You can then review your payment details including total interest and an amortisation schedule below. Please note that this calculator assumes you are taking a repayment mortgage (formerly known as a capital and interest mortgage).
This is your principal + interest payment, or in other words, the money you pay to the lender each month based on a repayment mortgage type. Remember, you will have to budget for other monthly running costs like utilities, home insurance, life insurance, property taxes such as council tax and your other day to day expenses.
|Monthly Principal & Interest
|Number of Payments
|Total Interest paid over the term
This illustrates how your outstanding mortgage balance will decrease over the term of your loan. This does not account for interest rate changes or other fees such as early repayment charges.