2. Mortgage Calculator

Calculate Your Mortgage

The Mortgage Calculator is a guide to how much you’d pay each month. The exact amount will depend on the type of mortgage and the lender.

Calculate Your Mortgage

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
8.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment

£

Principal & Interest
£

Your home may be repossessed if you do not keep up repayments on a mortgage.

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DISCLAIMER

Direct Mortgages is a trading style of David Corry who is an appointed representative of Quilter Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Quilter Mortgage Planning Limited are entered on the FCA register http://www.fca.org.uk/register/ under reference 440718. (Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.)

Registered Office: Direct Mortgages, 70 Whitby Road, Ellesmere Port, Cheshire, CH65 0AA

The guidance and/or advice contained within this website is subject to the UK Regulatory Regime, and is therefore targeted at consumers based in the UK.