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What could the monthly costs of a £104,000 mortgage be if you wanted to pay it back over 10 years at an interest rate of 1%?

Answer:

£911.08 a month

Total Payable: £109,330

Total Interest: £5,330

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£922
£11 more
£934
£23 more
£945
£34 more
Total Payable£110,689
£1,360 more
£112,060
£2,730 more
£113,441
£4,111 more

The above examples are based on borrowing £104,000 over a period of 10 years.

What if you wanted to borrow more?

Amount£109,000£114,000£119,000
Monthly£955
£44 more
£999
£88 more
£1,042
£131 more

The above examples are based on a rate of 1% over a period of 10 years.

What if you pay it off quicker?

Term8 yrs6 yrs4 yrs
Monthly£1,128
£217 more
£1,489
£578 more
£2,211
£1,300 more
Total Interest£4,259
£1,071 less
£3,195
£2,135 less
£2,137
£3,193 less

The above examples are based on borrowing £104,000 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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10 years
£ 104000

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