Mortgage affordability calculator: How much you can borrow?

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Find out how much you can afford to borrow, or whether you can afford your existing mortgage, with This is Money's mortgage affordability calculator.

And as lenders try to push borrowers on interest-only loans onto repayment deals, see the difference between capital repayment and interest-only deals

Mortgage Affordability Calculator

Find out how much you can afford to borrow with This is Money's mortgage affordability calculator, and see the difference between capital repayment and interest-only deals.

Your monthly payment

Enter how much you plan to borrow and find out your monthly bill. Assumes interest calculated annually.

    Mortgage amount: (eg. 70000) £

    Interest rate: % Duration: (years) Mortgage type:

Calculate Result
    Your monthly payment: £
Your total mortgage

Enter the amount you can afford to pay monthly (eg. your current rent) to find out how much you can borrow.

    Monthly payment: £ Interest rate: % Duration: (years) Mortgage type:
Calculate Result
    You can borrow: £
Are you over-stretching

How much of your income goes on your mortgage?

    Net monthly income: £ Monthly mortgage payment: £
Calculate Result
    Experts recommend less than 35-40% %

Source: www.thisismoney.co.uk

Category: Bank

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