Mortgage Payments Calculator

This calculator will work out how much your mortgage will cost and what the maximum a Building Society, Bank or other lender is likely to lend you.

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An Interest Only mortgage is where only the interest is paid to the lender throughout the term and the capital amount borrowed is repaid in full at the end of the term Usually, people start separate savings plans to save for the capital repayment due at the end of the mortgage term.

A Repayment mortgage (capital and interest) is where both interest due and part of the capital owed is paid throughout the term of the mortgage. The balance owing gradually reduces, with a target of the loan being fully repaid at the end of the mortgage term.