Mortgage Data:
House Price £s
Deposit £s
Annual Interest Rate %
Term Years
Mortgage Required £s
Total Payments
Repayment Mortgage Per Month
Interest Only Mortgage Per Month

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Interest only mortgage repayments are lower because you don't repay any of the capital owing. Interest only mortgages will require that you consider an insurance or investment to ensure you are able to repay the capital at the end of the term.

The calculation is intended to be used as a guide to the cost of a mortgage and maybe subject to variations.