Mortgage Calculator

This article was written on 30 Sep 2007, and filed in the Mortgage Stuff section.
6 Comments Comments

Here’s a useful tool that calculates how much a monthly mortgage would cost if you enter real or hypothetical scenerios- useful for planning if you’re thinking of getting a mortgage or remortgaging. It takes into considering the amount you’re borrowing, and the life-span of your loan.

This calculator is also particularly useful for those on variable mortgages because it calculates how much monthly mortgage payments would change if there was a change in interest rate.

Mortgage required
(omit commas)		 £  
Repayment period
(omit commas)
    years
Interest rate
(enter 10% as 10)
    %
       
Monthly repayment
(omit commas)
 £  
(Interest only)
 £  
But be careful, at 12% it will be:
 £  
(Interest only) £  
     
  • TwitThis
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Digg

Attention! If you're new here, you may want to subscribe to my RSS feed so you're notified of all new blog entries.


6 Comments
Default Avatar

[...] It’s more than likely that paying off a mortgage within 5 years isn’t realistic for the majority of people, but 15 years should be a realistic target we should all be striving for. Paying your mortgage off in 15yrs, as opposed to 25yrs will save you a staggering £42,121. Put it this way, pay an extra £200 a month, you’ll save yourself £42k. Now that’s got to be food for thought… If you want to calculate how much you could save on your specific mortgage, you can use my Mortgage Calculator. [...]
1
Default Avatar

[...] of articles about it and it will really help you a lot. propertyinvestmentproject.co.uk  also has Mortgage Calculator for your to calculate the cost of your Mortgage [...]
2
Default Avatar

[...] to be, then I surely need to find myself a good investment property. Can somebody point me to a mortgage calculator [...]
3
Default Avatar

[...] can also find out how much you could save by reducing your mortgage with the use of my Mortgage Calculator. If you are also thinking about reducing your mortgage earlier than planned, make sure you find out [...]
4
status icon Monica wrote, on Sep 20th, 2008
Default Avatar

Great tool, thanks for sharing. I needed a tool like this especially now when mortgage rates seems to be a tug of war with financial institutions now. A savings in the interest rates is what matters now.
5
status icon The Landlord wrote, on Sep 20th, 2008
Default Avatar

Tell me about it. I’m due to remortgage soon, so I’ll be keeping an eye out for the best deals! It’s going to be an unpredictable rollarcoaster with interest rates!
6
Add Comment
Name (required):
E-mail (required - never shown publicly):
Your Comment: