Basic mortgage calculator

This information is computer generated. The results are rounded and rely on certain assumptions. This calculator is a ready reckoner that's been designed to give a useful general indication of costs.

It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors.

In order to create these results, we have had to make a few assumptions:

1. Interest is charged monthly.
2. Interest rate stays the same over the term.
3. If you selected 'Interest only', we assume your standard monthly payment doesn't decrease even if you pay off some of the balance.
4. Compare to savings: this option estimates the interest you could earn if you put the same money into savings, rather than overpaying your mortgage. It assumes the interest rate stays the same, and that your savings stop at the same time as your mortgage would've ended, had you been overpaying.