Mortgage Repayments
Want to find out how much your mortgage payments could be? Simply enter a few details below to find out. Repayments are calculated by lenders using your loan amount, term of the mortgage and interest rate given.
Please be aware that this will give you a payment based on a set interest rate. Your mortgage rate is likely to change over the lifespan of your contract, so it’s important to ensure you could still afford your loan if rates were to increase.
Things to consider when researching mortgage repayments.
When you take out a mortgage, the lender will charge an amount of interest on the amount you borrow. The interest amount will typically then form part of your monthly payment. With a repayment mortgage, part of your monthly payment services the interest on your loan, whilst the other part works to reduce the overall loan amount you owe.
Your mortgage repayment is typically set for an initial period of the contract length. When considering your mortgage payment, it’s important to factor in that rates can change over time.
Find more useful calculators here.
