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Redstaircase > Tools & Guides > Payment Calculator

payment calculator SIMPLE MORTGAGE PAYMENT CALCULATOR
How much will your monthly mortgage payments be?

If you find the calculator below a little daunting then you may want to consider getting in touch with a professional mortgage advisor ... more

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


Results

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 that lenders often quote a low initial interest rate for a short period which then rises substantially at the end of the discount period.  Calculations are based on monthly interest accruals.

See Mortgages Exposed for more on-line tools.

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