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Mortgage Calculators

Click on calculator links below

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Comparing Mortgages

Amount :
(£)
  Loan 1 Loan 2
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)


 

Financial Analysis (Switch to Plain English)
  Loan 1 Loan 2
£ £
Amount Financed £250,000.00 £250,000.00
Monthly Capital & Interests : £1,342.05 £1,266.71
Total Monthly Payments : £483,139.46 £456,016.78
Payment Savings : £0.00 £27,122.68
Plain English Summary (Financial Analysis)

While shopping for a home mortgage loan, you will be presented with different loan options. Plugging this information into the loan comparison calculator will allow you to determine which one is the best option for you.

If your loan is for £250,000.00, you might be able to choose a 30 year loan with an interest rate of 5.000% and an application fees plus stamp duty of £. Or, you might be offered a 30 year loan with an interest rate of 4.500% and application fees and stamp duty of £.

The first loan would come to £1,342.05 per month and the second loan would be £1,266.71.

When all is said in done, you will also pay less with the second loan. In fact, you will SAVE £27,122.68 with the SECOND loan because the first one would cost a total of £483,139.46 and the second would be £456,016.78.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

 

Some of the above services may not be regulated by the Financial Services Authority

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Thinkofmortgages.com is a trading style for Thinkofmortgages Ltd, which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority.
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* We normally do not charge a fee for mortgage advice, however a fee paying option is available. Our typical fee would be £99

 

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