Mortgage Calculator – Repayment or Interest Only
This mortgage calculator will allow you to calculate your monthly repayments based on both interest only and repayment mortgages.
Repayment mortgage
A repayment mortgage includes both interest and payments towards the initial capital loan amount.
This reduces the amount owed on the capital, month by month.
Interest-only mortgage
With an interest-only mortgage, typically linked to an ISA, endowment or pension savings policy, you will need to add the cost of the monthly premiums of the policy to the interest only figure.
On maturity this policy is intended to pay off the original capital loan.
How to use this mortgage calculator
To use this mortgage calculator simply input the following information into the grey boxes below:
- Mortgage interest rate in %
- Mortgage term in years
- Mortgage amount £
Then select the “Update” button to reveal the monthly payments for both repayment and interest only mortgages.
The calculator is provided for your convenience, it is a guide only, and we do not guarantee the accuracy of any information thereof. Whilst every effort has been made in constructing the calculator, Investment Property Partners, its management, employees, representatives, agents and affiliates do not accept responsibility for any errors or omissions whatsoever in relation to the calculator, and do not accept liability for any loss, damage, inconvenience experienced or otherwise, caused in respect of any reliance on the calculator or information on this website. The calculations provided by this calculator are only a guide, please use them at your own risk.
These figures are for illustration purposes only and may vary according to your personal circumstances and mortgage provider.
We recommend that you obtain precise figures from your mortgage provider before committing to any loan.
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