A mortgage is a massive financial commitment, so you need to know how much it’s going to cost – and we’re here to help. Our mortgage calculator lets you work out what your payments will be, whether you’re a first-time buyer, moving home, re-mortgaging or buying-to-let.
To use the mortgage payment calculator:
- Enter the price of the property you wish to buy
- The size of the deposit you’d be putting down
- The interest rate charged by the lender offering the deal
- The number of years you want to take the loan out over
If your ability to afford the mortgage is a concern, and you are taking out a variable-rate deal, it makes a lot of sense to check how much your repayments could be should the interest rate rise by even 1% or 2%.