Mortgage Repayment Calculator

There are, in fact, many ways in which interest and repayments can be calculated. There is no “right” way or “wrong” way. The answer below will, however, give you a typical repayment using the standard repayment formula.

It also shows you the total interest paid over the term. Be careful, however, the initial repayment can change with Interest Rates.

It is only a guide. You MUST check the actual figures with your proposed mortgage lender(s).

Enter loan amount here: (Please do NOT type in the '£' sign)	£
Enter the annual Interest Rate here: without the % sign (e.g 6.75)	%
Enter number years of loan here:	years

Your property may be repossessed if you do not keep up repayments on your mortgage. The Financial Services Authority (FSA) does not regulate some forms of mortgage. The information set out on this page is intended to provide a general appreciation of the topic and it is not advice. Guidance should be sought from a specialist who is qualified to advise in your specific circumstances. For more information on any aspect of mortgages please contact Surrey Financial Advice on 01483 211800 or email us at admin@surreyifa.co.uk We will be happy to assist you.