Home Loan and Mortgage Calculator Uk

Home Loan and Mortgage Calculator UK

Home Loan and Mortgage Calculator

Calculate your monthly repayments and see how much you could borrow for your home loan or mortgage in the UK.

Loan Amount (£) Annual Interest Rate (%) Loan Term (Years) Monthly Repayment (£) Total Repayment (£)

function calculateHomeLoan(){ const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTerm = parseFloat(document.getElementById(“loanTerm”).value) * 12; if(isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value = “”); }

This home loan and mortgage calculator helps you estimate your monthly repayments and the total amount you will repay over the term of the loan. Whether you are a first-time buyer or remortgaging, this tool can give you a clear idea of what your financial commitment will be.

How to Use This Calculator

Enter the loan amount, annual interest rate, and the loan term (in years). The calculator will automatically provide the monthly repayment and the total repayment over the life of the loan.

Example

If you take a loan of £250,000 with an interest rate of 3.5% for 25 years, the calculator will estimate your monthly repayment and the total repayment amount for the entire loan term.

Why It Matters

Understanding your monthly repayment is key to planning your finances and determining what you can afford in the long run. This tool helps you make informed decisions about your mortgage or home loan.