SIMPLE MORTGAGE PAYMENT CALCULATOR
How much will your monthly mortgage payments be?
Enter/amend figures in each field.  Press tab for next field.

Enter mortgage loan required £: initial advance
Enter full repayment term in years - normally the  maximum  term ends on retirement: years
Enter initial nominal annual interest rate: % per annum
Enter rests per annum (12 for monthly, 1 for annual) :
(Banks are usually 12, some Building Societies are 1)		 per annum

Level capital repayment mortgage £ per month: per month
Interest-only mortgage £ per month:
(Capital repaid from a separate savings plan)		 per month

Note: Future payments depend on future interest rates.  Beware some lenders offer a low initial interest rate for a period, increasing substantially later on.

Designed by Michael Kelly for "Mortgages Exposed" 10th Feb 2001.