Estimate Your Mortgage Payment

A Home is the single largest investment most of us are ever likely to make. This Chart can help you get an understanding on the challenging cost of a home by helping you estimate the monthly payment on a 25-year fixed rate repayment mortgage. The figures in the left-hand column are annual interest rates. The headings across the top are loan amounts, - typical 80 to 90 per cent of the purchase price. So, if you're putting down 20 per cent of £250,000 home, look in the £200,000 column at your interest rate to find your monthly payment. (Be aware that these figures don't include other required payments, such as insurance. Nor do they include tax relief.)

Note: For loan amounts not listed, look in the £100,000 column at your interest rate and multiply by the appropriate factor - for example, for a £189,000 loan, multiply the mortgage payment by 1.89.