How much could your mortgage rise? Try our calculator

Mortgage involvement rates person seen a crisp emergence implicit the past fewer months aft years of historical lows.

As higher involvement rates volition mean higher owe payments, experts accidental much radical are astatine hazard of falling into indebtedness oregon losing their homes.

Try our calculator beneath to spot however your owe mightiness beryllium affected by rising rates.

This owe calculator uses a modular owe repayment look to estimation the monthly payments oregon involvement complaint based connected the magnitude borrowed and the magnitude of a mortgage.

The calculator assumes a single, fixed, involvement complaint which stays the aforesaid implicit the word of the owe and involvement is charged monthly.

Why is my monthly outgo estimation antithetic to what I really pay?

If determination is simply a quality you tin participate your existent monthly outgo alternatively of the involvement rate.

What if I person a adaptable complaint mortgage?

This calculator assumes that the involvement complaint stays the aforesaid implicit the word of the owe truthful is not suitable for adaptable complaint mortgages.

What if I person an involvement lone mortgage?

This calculator lone works for repayment mortgages.

What if I person much than 1 mortgage?

This calculator lone works for a azygous owe astatine a time.

What if I don't cognize what my involvement complaint oregon monthly payments are oregon would be?

You tin usage owe examination tools connected authoritative owe lender's websites to spot what a apt involvement complaint oregon monthly outgo would beryllium for the magnitude you were looking to borrow.

What are the values already successful the calculator based on?

The worth of £150,000 is based connected the mean indebtedness magnitude successful 2021, according to the Office for National Statistics House Price Index.

The worth of 20 years is based connected the mean outstanding word for a fixed complaint owe arsenic of June 2022, according to UK Finance.

The worth of 2% is based connected the latest effectual involvement complaint for outstanding mortgages, according to the Bank of England.

The worth of £759 is based connected the estimated payments made astatine 2% based connected a owe of £150,000 implicit 20 years.

The worth of 6% is based connected probe from Moneyfacts.co.uk, who precocious reported the mean complaint for two-year fixed complaint loan roseate to 6.53%.

Produced by: Alexandra Nicolaides, Libby Rogers, Becky Rush, Jana Tauschinski, Rob England, Alexander Ivanov, Mark Oludimu and Scott Jarvis