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Mortgage calculator to show ported and new mortgage?
alex_163163
Posts: 310 Forumite
So I hope I can explain this correctly!
is there an online calculator that can show what the monthly payment would be when moving house, and part of the mortgage is ported and part is a new product?
I am looking to move home, and can port my current rate on £158k (which is my current outstanding mortgage balance).
I would need to take out a 2nd product on the rest of the mortgage amount which would be approx £17k.
how can I calculate this?
is there an online calculator that can show what the monthly payment would be when moving house, and part of the mortgage is ported and part is a new product?
I am looking to move home, and can port my current rate on £158k (which is my current outstanding mortgage balance).
I would need to take out a 2nd product on the rest of the mortgage amount which would be approx £17k.
how can I calculate this?
0
Comments
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Two calculations and add the two monthly costs together. That's how I do it.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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Multiply your current payment by 1.13 and you will be in the ballparkI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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