How much will it cost?
The following table will
provide you with an approximate guide of how much per month
each £1,000 borrowed will cost you over 5, 10, 15, 20 and 25
years. This assumes a pay rate of 5.75%. Many mortgages are
available with lower initial interest rates and slightly lower
ongoing rates than the 5.75% used for illustration purposes.
Illustration of cost per £1,000
borrowed.
| Repayment
Period (years) |
Capital &
Interest |
Interest only |
| 5 |
£19.22 |
£4.79 |
| 10 |
£10.98 |
£4.79 |
| 15 |
£8.30 |
£4.79 |
| 20 |
£7.02 |
£4.79 |
| 25 |
£6.29 |
£4.79 |
To calculate the projected cost of your borrowing
simply multiply the appropriate figure above by your total estimated
mortgage amount.
AMortgageforU will readily
supply you with actual figures based on specific mortgages tailored
to your needs.
Call our Mortgage Helpline on 0131 312 7777
for further information.
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