Buy-To-Let Mortgage Calculator- Calculate Monthly Payments

Here’s a useful tool that calculates how much a monthly Buy-To-Let Mortgage (or any mortgage actually, but we’re landlords here, right?) would cost if you enter real or hypothetical scenarios- 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 Payment Calculator
Mortgage required
(omit commas)
Repayment period
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Interest rate
Monthly repayment
Monthly Interest
But be careful, at 12% the repayment will be:
Interest-only will be:

Interest-only Vs Repayment Mortgages

You may or not be aware of the differences between an interest-only and repayment mortgage, but you’ll notice the calculator returns “monthly interest” and “monthly repayment” figures.

The fundamental difference is that interest-only mortgage policies require the borrower to pay back the ‘interest’ on the loan every month, and not the actual debt. Ultimately, that means interest-only monthly payments are considerably less than ‘repayment’ mortgages, because with the latter, you’re paying the ‘interest’ and reducing the debt with every payment you make.

When taking out a mortgage loan, most borrowers will either opt for a repayment payment or an interest-only, which is why the calculator provides the calculations for both scenarios.

More on Interest-only Vs Repayment Mortgages →

Mortgage Overpayment Calculator

If you’ve already got a mortgage and are interested in making overpayments (i.e. reducing your debt quicker than obligated to) to benefit from paying off your mortgage quicker than planned and paying less overall interest on your loan, then you may want to take a look at the mortgage overpayment calculator. The calculator will show you how much money you can save by making overpayments!

Go to the Mortgage Overpayment Calculator →

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3 Comments- Join The Conversation...

Guest Avatar
Monica 20th September, 2008 @ 18:59

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.

1
The Landlord Avatar
The Landlord 20th September, 2008 @ 21:16

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!

2
Guest Avatar
Chris Jenkins 10th October, 2009 @ 20:54

This little tool very helpful thanks,ive been paying more on my morgage for years. If you can afford it you should do this ill be 44/45 when mine is paid off, what a feeling, also my house value has more than doubled.Alway pay at the begining of the month as well if u can saves u interest as well.Thanks

3

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