Online Mortgage Calculator

How Much Will My Mortgage Cost?

 

Whether you are a first time buyer or looking to remortgage, you may wish to use our Online Mortgage Payment Calculator. Free Mortgage advice is just a call away or see Best Mortgage Deals if you would like more information about interest- only or repayment mortgages. You will certainly be asking “How much will my mortgage cost each month?” and this can be calculated for interest-only or repayment type mortgages. As interest rates can vary, you must be aware that your payments can go up and down over the term of the mortgage.

 

Mortgage Calculator

 

 

Your Mortgage Amount Term 1 Year2 Years3 Years4 Years5 Years6 Years7 Years8 Years9 Years10 Years11 Years12 Years13 Years14 Years15 Years16 Years17 Years18 Years19 Years20 Years21 Years22 Years23 Years24 Years25 Years26 Years27 Years28 Years29 Years30 Years Interest Rate Calculate

Repayment Mortgage (per month) Interest Only Mortgage (per month) Total amount of interest over term Total amount paid over term

 

 

The overall cost of your mortgage will also be dependent on certain other factors such as the mortgage term, life insurance and income protection insurance. Also bear in mind different mortgage lenders will calculate repayments in different ways, for example daily, monthly or yearly. However, in addition to the actual monthly calculation, for an accurate comparison the APR figure must be used.

 

Our online mortgage calculator is helpful to get an approximation of what your monthly payments will be. Also note that this calculation is free for mortgage illustration purposes. For a more detailed quote please seek independent financial advice.

 

Free Mortgage Tools and Advice

 

Our Stamp duty tables and calculator will help you to calculate the amount of Stamp duty payable on a property purchase.

 

Stamp Duty Land Tax when you buy property

 

Stamp Duty Land Tax is payable on all classes of property like houses, flats, other buildings and land. If the purchase price is £125,000 or less you don't pay any Stamp Duty Land Tax at all. If it's more than £125,000, you pay between one and four per cent of the whole purchase price.

 

Residential Property-Purchase Price Rate of Stamp Duty Land Tax   up to £125,000 0%   £125,001 - £250,000 1%   £250,001 - £500,000 3%   £500,001 or more 4%

 

Property in disadvantaged areas

 

If you're buying a property an area designated by the government as 'disadvantaged', you don't pay any Stamp Duty Land Tax if the purchase price is £150,000 or less.

 

More guides to “How much will my mortgage cost?”

 

The Financial Services Authority website has additional useful advice regarding mortgage calculations – www.fsa.gov.uk