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What could the monthly costs of a £100,000 mortgage be if you wanted to pay it back over 32 years at an interest rate of 1%?

Answer:

£304.41 a month

Total Payable: £116,893

Total Interest: £16,893

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£316
£12 more
£328
£24 more
£340
£36 more
Total Payable£121,381
£4,488 more
£125,974
£9,081 more
£130,671
£13,778 more

The above examples are based on borrowing £100,000 over a period of 32 years.

What if you wanted to borrow more?

Amount£105,000£110,000£115,000
Monthly£320
£15 more
£335
£30 more
£350
£46 more

The above examples are based on a rate of 1% over a period of 32 years.

What if you pay it off quicker?

Term30 yrs28 yrs26 yrs
Monthly£322
£17 more
£341
£37 more
£364
£60 more
Total Interest£15,790
£1,103 less
£14,694
£2,199 less
£13,604
£3,289 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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32 years
£ 100000

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