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What could the monthly costs of a £100,000 mortgage be if you wanted to pay it back over 12 years at an interest rate of 1%?

Answer:

£737.23 a month

Total Payable: £106,162

Total Interest: £6,162

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£748
£11 more
£759
£22 more
£770
£33 more
Total Payable£107,739
£1,578 more
£109,332
£3,171 more
£110,940
£4,778 more

The above examples are based on borrowing £100,000 over a period of 12 years.

What if you wanted to borrow more?

Amount£105,000£110,000£115,000
Monthly£774
£37 more
£811
£74 more
£848
£111 more

The above examples are based on a rate of 1% over a period of 12 years.

What if you pay it off quicker?

Term10 yrs8 yrs6 yrs
Monthly£876
£139 more
£1,084
£347 more
£1,432
£694 more
Total Interest£5,125
£1,037 less
£4,095
£2,067 less
£3,072
£3,090 less

The above examples are based on borrowing £100,000 at a rate of 1%.

DISCLAIMER: These numbers are estimates only! They do not include any fees or charges that could be made by mortgage companies or agents. Take them at face value and don't come moaning back to us if you get quoted something different!

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12 years
£ 100000

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