Mortgage Repayment Calculator
The first figure gives the total monthly payment for a straight repayment mortgage, including both interest and payment towards the capital loan amount. This reduces the amount owed on the capital, month by month.
The second figure shows the amount of interest payment only.
Anyone opting for an interest-only mortgage, such as linked to an endowment, ISA or pension savings policy, will need to add the cost of the monthly premiums of the policy to the interest figure above. On maturity the savings policy is intended to pay off the capital loan
These figures are only a guide. We recommend that you obtain exact figures from a specific lender before committing to any mortgage.
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Absolute Financial Management Ltd is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate taxation and trust advice and some aspects of buy to let arrangements.
We are entered on the FSA Register No 401135 at www.fsa.gov.uk/register. Registered in England No.05027747.
Registered Address: 50 Havelock Road, Hastings, East Sussex, TN34 1BE
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances. Please contact us for an estimate.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the United Kingdom.
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