UK Mortgage Calculator
Enter the amount, the term and the interest rate. See the monthly payment for a repayment or interest only mortgage, the total interest and how the balance falls each year.
このコンテンツは英語です。
These figures are estimates only and are not advice. The rate is treated as fixed for the whole term. Fees, early repayment charges and rate changes are not included. Check the figures with your lender or a mortgage adviser.
米国版をお探しですか？ US Mortgage Calculator
計算例
Repayment mortgage
£200,000 over 25 years at 4.5%, property price £250,000, repayment
Monthly payment: £1,111.66 Type: Repayment Term: 300 months (25 years) Total interest: £133,500.69 Total repaid: £333,500.69 Loan to value: 80% Monthly payment if the rate were 1% higher: £1,228.17 Monthly payment if the rate were 2% higher: £1,350.41
The tool also lists the balance for each of the 25 years.
Interest only mortgage
£150,000 over 20 years at 5%, interest only
Monthly payment: £625.00 Type: Interest only Term: 240 months (20 years) Total interest: £150,000.00 Capital still owed at the end: £150,000.00 Total of interest payments plus the capital: £300,000.00 Monthly payment if the rate were 1% higher: £750.00 Monthly payment if the rate were 2% higher: £875.00
The loan is still £150,000 at the end, so a separate plan to repay it is needed.
UK Mortgage Calculator について
This mortgage calculator works out what a UK mortgage costs each month. Enter the amount you want to borrow, the length of the term and the interest rate, then choose a repayment or an interest only mortgage. It shows the monthly payment, the total interest over the term and a table of how the balance falls year by year.
It also shows the monthly payment if the rate were 1% and 2% higher, so you can check how a rise at the end of a fixed deal would affect you, and the loan to value if you add the property price. Interest is worked out every month on the balance. The result is an estimate for planning, and your lender will give you the exact figure.
UK Mortgage Calculator の使い方
- Enter the mortgage amount, the term in years and the interest rate.
- Choose repayment or interest only.
- Add the property price if you want the loan to value.
- Read the monthly payment, the total interest and the year by year table.
主な使いみち
- Checking what you can afford before you speak to a lender
- Comparing a 25 year and a 30 year term
- Seeing how much a rate rise would add each month
- Understanding what an interest only mortgage leaves owing
よくあるご質問
How is the monthly payment worked out?
For a repayment mortgage the payment is set so that the balance reaches zero at the end of the term, using the rate divided by 12 each month. For an interest only mortgage the payment is just the monthly interest on the whole loan.
What is the difference between repayment and interest only?
A repayment mortgage pays off part of the loan every month, so you own the home outright at the end. An interest only mortgage never reduces the loan, so you must repay the full amount at the end from savings, an investment or by selling the home.
Does this include fees?
No. Arrangement fees, valuation fees, legal costs and early repayment charges are not included, and the rate is assumed to stay the same for the whole term. Lenders usually move you to a different rate when a fixed deal ends.
Why is the first year mostly interest?
Interest is charged on the balance, which is highest at the start. As the balance falls, a bigger share of each payment goes towards the loan, which the year by year table shows.