Mortgage Amortization Calculator

doire_2

Thrugelmir wrote: »

After 5 years you would still owe £115,560.

At 8.49% your monthly payments would be £930. (initially £767)

JSR wrote: »

I make the initial payments to be £708.95 and the follow on payments £930.29.

You can put interest rate changes directly into this calculator: http://www.drcalculator.com/mortgage/uk/

Thanks. So £930 a month if i stick with the lender.

I should be able to get a lower rate though if i shop around after the 5 year fixed is up correct? Would it be much lower though?

Thrugelmir

doire wrote: »

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I should be able to get a lower rate though if i shop around after the 5 year fixed is up correct? Would it be much lower though?

Total depends on interest rates at that time. Also your LTV as if property prices were to fall then that would restrict your options as well.

doire_2

Thrugelmir wrote: »

Total depends on interest rates at that time. Also your LTV as if property prices were to fall then that would restrict your options as well.

Thanks for your help