Mortgage Repayment Calculator
How much will my mortgage cost?
People often ask themselves, “how much will my mortgage cost?” when applying for a new mortgage (or even after having taken one out sometimes).
Because your mortgage comprises such a large proportion of your income, it’s a good idea to find out ahead of time how much of your income you’ll need to cover it. Mortgage calculators allow you to do just that, providing you with an easy way to do some otherwise pretty tricky maths and come to a single monthly payment amount.
Type in how much you want to borrow, the period over which you want to borrow it, and the interest rate on your mortgage into the boxes below. Once you’ve done that, the calculator will display your monthly repayments, showing you how much you can afford. It’s that simple!