This easy to use calculator will help you check how much your basic monthly mortgage payments could be*. You can calculate three options to compare the differences. Remember, however, there will be other associated costs with a mortgage such as insurance premiums, endowment premiums etc.
Interest rate (%)
How much do you want to borrow? (£)
Term (years)
Interest Only*
Repayment
*You need to also consider the cost of the repayment vehicle to repay your mortgage capital i.e. endowment, ISA, Pension, etc.
The payments quoted are examples only.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.