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%.