Mortgage Calculator
A quick and easy way to calculate your mortgage payments. Simply enter the amount you wish to borrow, the term over which you intend to pay it off and the interest rate. Then hit the ‘compute’ button.
The first figure gives the total monthly payment for a straight repayment mortgage, including both interest and
the payment toward the capital loan amount. This reduces amount owed on the capital, month by month.
The second figure shows the amount of interest payment only.
Anyone opting for an interest-only mortgage, such as linked to an endowment, PEP or pension saving policy, will
need to add the cost of the monthly premiums of the policy to the interest figure above. On maturity the savings policy is intended to pay off the capital loan.
These figures are only a guide. We recommend that you obtain exact figures from a specific lender before comitting to any mortgage.
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