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Help to Buy Calculator
stalkah
Posts: 227 Forumite
Hi All,
Sorry if this has already been asked and answered, I've searched but not having much luck in finding what I'm after.
I have a help to buy equity loan coming up to 3 years old , interest free for 5 years. I'm trying to work out how much the monthly payments will be if I don't pay it back after 5 years? Is there anywhere online I can try to work out a rough monthly cost for the interest charged?
Thanks
Sorry if this has already been asked and answered, I've searched but not having much luck in finding what I'm after.
I have a help to buy equity loan coming up to 3 years old , interest free for 5 years. I'm trying to work out how much the monthly payments will be if I don't pay it back after 5 years? Is there anywhere online I can try to work out a rough monthly cost for the interest charged?
Thanks
0
Comments
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Year six = loan x 1.75% / 12.
... and it's a 'fee', not 'interest.'I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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