Mortgage Calculator
Mortgage required:
£300,000
Interest rate:
3%
Monthly repayments
£1,352
Are you unsure what you could afford each month for your new mortgage?
Use our helpful mortgage calculator to find out how much you could borrow.
Our mortgage calculator works out how much your monthly repayments could be based on the interest rate and duration of time you’d like to have your mortgage.
To get the most accurate results, you need to consider the size of your deposit. There may be other costs associated with moving and purchasing, such as legal fees or stamp duty, so best to take these into account when entering a realistic figure.
Then use the sliding scale to enter this amount on the calculator along with the value of the property you wish to purchase. This will then give you an indicative figure for the size of mortgage you will need.
Step-by-step guide
1. Enter your house value and deposit
The first step is to enter your house value and how much you can afford to pay towards your deposit.
2. Enter your repayment terms
To get an accurate idea of how much you will be paying each month, select over how many years you
want
to pay off your mortgage. The older you are, the lower the number of years you should select. You
will
also need to enter an interest rate.
3. Complete!
Now you’ll be left with a figure for your monthly repayments.
If you have any questions please contact us.