This calculator show how much the monthly payments are for ‘Interest Only’ and ‘Repayment’ mortgages.
The above figures assume a daily interest type mortgage which recalculates mortgage payments daily upon receipt of a payment. Mortgages with monthly and yearly rests could cost slightly more. Ask us for a personalised illustration.
The ‘Interest Only’ result should be added to the cost of an investment vehicle to ensure the mortgage is able to be repaid at the end of the term.
The ‘Repayment’ mortgage result will guarantee that the mortgage is repaid at the end of the term if all payments have been made.
Please contact us to ascertain the precise figures you can obtain for your own circumstances, without obligation.