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What could the monthly costs of a £100,000 mortgage be if you wanted to pay it back over 20 years at an interest rate of 1%?

Answer:

£459.89 a month

Total Payable: £110,375

Total Interest: £10,375

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£471
£11 more
£483
£23 more
£494
£34 more
Total Payable£113,072
£2,697 more
£115,811
£5,436 more
£118,591
£8,216 more

The above examples are based on borrowing £100,000 over a period of 20 years.

What if you wanted to borrow more?

Amount£105,000£110,000£115,000
Monthly£483
£23 more
£506
£46 more
£529
£69 more

The above examples are based on a rate of 1% over a period of 20 years.

What if you pay it off quicker?

Term18 yrs16 yrs14 yrs
Monthly£506
£46 more
£564
£104 more
£638
£178 more
Total Interest£9,311
£1,063 less
£8,255
£2,120 less
£7,205
£3,170 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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20 years
£ 100000

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