Mortgage repayments

samnmalc

Hi all , we are thinking of buying a house and would like to be able to work out approximately how much different mortgage amounts would cost us each month.
ie , Approx how much we would be repaying on a 200,000 mort compared to a 250,000 mort.
Sorry if this sounds garbled.......is there any tool that can help us do this?
Cheers , Sam

dunstonh

most of the mortgage lender websites have a calculator on them.

MarkyMarkD

Hi all , we are thinking of buying a house and would like to be able to work out approximately how much different mortgage amounts would cost us each month.
ie , Approx how much we would be repaying on a 200,000 mort compared to a 250,000 mort.
Sorry if this sounds garbled.......is there any tool that can help us do this?
Cheers , Sam

A £200k mortgage will cost 4/5 of a £250k mortgage, if the product is the same. Easy peasy. (£200k/£250k = 4/5).

samnmalc

Thanks guys..that has given me a bit more to go on

david78

Egg have a nice calculator for example.


http://new.egg.com/visitor/0,2388,3_54988--View_1028,00.html

samnmalc

Now that is the sort of thing I was after ! ;D

Many thanks David

frankbauer

If you would like an offline calculator instead of online one, try this: http://www.mortgage-calculator-pc.com/downloads/mortgage-calculator.exe

The author claims it is made specially to compare different mortgage offers.

payless

whilst I use an offline quote system
I noticed http://www.skipton.co.uk/mortgages/calculators/flexible_mortgage_calculator.asp it seems simple ( rounded up to nearest £) - allows input of posible overpay
( based on daily interest- car some lenders still use annual)

alternative the regulator- FSA has a calculator on its consumer site
http://www.fsa.gov.uk/consumer/07_MORTGAGES/calculator/mcalculator.html

as well as a number of guides and comparison tables