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What could the monthly costs of a £100,000 mortgage be if you wanted to pay it back over 7 years at an interest rate of 1%?

Answer:

£1,233.12 a month

Total Payable: £103,582

Total Interest: £3,582

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£1,244
£11 more
£1,255
£22 more
£1,266
£33 more
Total Payable£104,491
£908 more
£105,404
£1,822 more
£106,323
£2,740 more

The above examples are based on borrowing £100,000 over a period of 7 years.

What if you wanted to borrow more?

Amount£105,000£110,000£115,000
Monthly£1,295
£62 more
£1,356
£123 more
£1,418
£185 more

The above examples are based on a rate of 1% over a period of 7 years.

What if you pay it off quicker?

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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