Mortgage repayment calculator
How to use the mortgage repayment calculator
- Select mortgage type: Use the slider to choose between a "Repayment" mortgage or an "Interest-only" mortgage.
- Enter mortgage amount: Input the total amount you wish to borrow in the "Mortgage amount" field.
- Add product fee to loan: If there’s a product fee that will be added to the loan, enter the amount in the "Product fee added to loan" field.
- Enter interest rate: Enter the interest rate for the mortgage in the "Interest rate" field.
- Set the mortgage term: Input the number of years and months for the total mortgage term in the "Mortgage term" section.
- Click "Calculate": Press the "Calculate" button to see the results.
- View results: The calculator will display your monthly repayment amount based on your input, whether it is a repayment or interest-only mortgage.
Select mortgage type
Mortgage amount
Mortgage interest rate
Mortgage term
Years
Months
Disclaimer
The results provided by this mortgage repayment calculator are intended as a guide only and do not constitute financial advice or exact quotations. The calculations are based on the input figures you have provided and standard formulas. Actual rates and repayments may vary and will depend on various factors, including but not limited to: a) your personal circumstances, b) the total loan amount, c) the loan term, and d) the interest rates offered by different lenders.
Accuracy of information
- We do not guarantee the accuracy, completeness, or applicability of the results provided by this calculator to your specific circumstances.
- The interest rates represented are hypothetical and may not reflect the actual rates offered.
Professional advice
- You should seek professional advice from a qualified mortgage advisor before making any decisions regarding your mortgage or loan arrangements.
- Max Leslie (IFA) is the mortgage advisor for Sterling Wealth & Mortgages and would be happy to discuss your mortgage query directly with you.
- This calculator does not replace professional financial advice, nor does it encompass all possible data or variations that might impact your financial situation.
Changes & updates
- The rates and formulas used by this calculator are subject to change without notice.
By using this calculator, you acknowledge and agree to the terms stated in this disclaimer. If you have any questions or require advice tailored to your personal circumstances, please contact us directly at Max.Leslie@SterlingWealthAndMortgages.co.uk