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Mortgage Calculator

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After you enter a few details, the mortgage calculator will give you an idea of your monthly repayments. Get started below.

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How does the home mortgage calculator work?

Using a mortgage calculator will help you budget your finances by calculating a guide on your monthly mortgage payments. These are based on the value of the property and the deposit you have available.

After you’ve put in the necessary information, the calculator will give you a guide to how much you’ll be paying each month. 

Is it accurate?

The value given is a guide. The final amount you’ll be paying will be determined by a number of factors, including your lender and the property you’re buying. 

However, it’s very useful to gain an understanding of your monthly repayments, even if it’s an estimate. 

Note: this is not the same as a mortgage affordability calculator. This tells you what you can borrow, not how much you’ll be paying each month. 

What are the benefits?

When it comes to buying a house, the more you know, the better. This can help improve your chances of getting a mortgage and make you appear reliable to lenders. 

It also gives you an idea of whether now’s the time to buy. It’s not just the initial cost of the property you need to contend with, but the regular payments afterwards. Can you afford this? 

How much is a mortgage a month?

The answer to this depends entirely on your individual situation, there’s no one-size-fits-all here. 

You can give yourself more manageable repayments and mortgage interest rates by saving more to begin with. The higher your deposit, the more likely it is you’ll be given an attractive repayment plan.

Here’s some advice for saving for a house deposit:

  • Get a good understanding of your monthly expenditure and outgoings – where can you cut down? 
  • Switch energy supplier to help cut down your bills
  • Have a budget and try sticking to it
  • If renting, can you sublet?
  • Consider using a government scheme to maximise your savings
  • Move back in with family

Get a mortgage quote

Looking to take that exciting next step? We can connect you with the right people to make it happen. 

Getting started couldn’t be easier! Get a mortgage quote below in a matter of seconds. 

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