
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, PEP 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 us before committing to any mortgage.
- This
calculator requires a javascript enabled browser.