Does this kind of mortgage calculator exist?

frasersmum123 · 2 January 2016 at 4:49PM

I am trying to work this out as part of my divorce settlement.

My DH will pay the mortgage on our house until our youngest child is 18, then I will either pay off the balance or take out a mortgage for the remaining amount.

So I need to see what I will owe in 11 years time. Is there an online calculator that will do that? All I can find are either overpayment calculators or how much I can borrow.

bridgend_girl · 2 January 2016 at 4:58PM

It is described as an amortisation calculator. Not the best example but here's one. http://www.myamortizationchart.com/

Jhoney_2 · 2 January 2016 at 7:02PM

http://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator

Enter your details, hit calculate and scroll down. Each years balance is displayed there and should give you some idea.

David_White · 2 January 2016 at 7:12PM

Keep in mind that interest rates can and likely will change during that 11 year period so unless your deal is fixed for 10 years working out how much you'll owe that far in the future is more of an educated guess.

Does this kind of mortgage calculator exist?

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