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Mortgage Calculator

This quick calculator will tell you the downpayment amount and monthly mortgage payments for repayment mortgages based upon the house value, initial downpayment, mortgage term and interest rate you enter below.

Use this to estimate your monthly mortgage payment, but be aware that there could be extra payments on top of this for payment protection, mortgage insurance, life insurance and so on.

When working out if you can afford your monthly mortgage payments, don't forget to include:

Council tax
Utilities bills (gas, electric, water)
Insurance premiums (for buildings and contents)
Television licence and digital subscriptions
Buying new things for the house
New costs for travelling to work
Telephone bill and mobile charges

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Think carefully before securing debts against your home. Model Mortgages is a trading name of Homesavers Mortgages and Loans Limited which is authorised and regulated by the FSA. Registration No 301911. As independent mortgage brokers we will give you the option to pay a fee or we can receive a payment from the lender and no fee from yourselves. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.