![]() ![]() Mortgage value after deducting the deposit Mortgage DetailsĮnter either the deposit percentage or amount ![]() The table appears the first time the button is clicked. The third mortgage plan includes the initial deposit and final payment (if relevant) to show the total mortgage costĪ breakeven figure is also displayed, this is the costs shown as a monthly amount.Ĭalculations can be saved to a table for comparison by clicking the "Add to table" button (table appears below the schedule comparison).The second mortgage plan includes the final payment in the calculations, this is relevant to the interest only plan,.The first is where the figures for the mortgage period only are shown, excluding the deposit and any final payment,.The profit figures are displayed in three sections as below: The other is an Interest only plan, where the interest only is paid over the duration of the mortgage, the mortgage amount becoming due at the end of the period. The mortgage interest is calculated on the outstanding mortgage balance so more is paid off the mortgage amount as the payments progress. The first mortgage plan shown is a normal annuity type plan, where an amount is paid off the mortgage as well as interest. Interest rates and fees are generally higher. The deposit required for a buy-to-let mortgage is usually higher than a standard mortgage, typically 25% although can be as high as 40%. This calculator compares two kinds of Buy-To-Let mortgage and shows profit figures when the property is rented out. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |