Me & my boyfriend are thinking about buying a place together and i want to know the simplest way of working out how to calculate a mortgage basically to see how much we'd be paying each month.
2007-02-02 00:28:02 · 5 answers · asked by kee 2 in Business & Finance ➔ Renting & Real Estate
My girlfriend and I bought a flat a year ago, and was in the same boat as you. You will find many websites that gives you mortgages also have a calculator on them.
I just did a search and found the following site
http://www.mortgages.co.uk/calculator/mortgage_calculator.html
Good luck!
2007-02-02 00:38:43 · answer #1 · answered by Paul M 1 · 0⤊ 0⤋
www.realtor.com has a mortgage calculator you can use.
Be careful buying a home with your boyfriend, I see this all the time and 9 out of 10 it ends in a disaster. I know you say that this will not happen to you, but just be careful.
Best of luck,
RE Agent,
Remax
2007-02-02 01:25:44 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋
Search "mortgage calculators" on the Internet and you will find dozens. You need to know the price of the home, down payment and interest rate. It will give the payment (but not taxes and insurance).
2007-02-02 00:32:10 · answer #3 · answered by Wolfithius 4 · 0⤊ 0⤋
Fine out the amount. £100,000
How many years 25 years
Interest 19%
Total amount £119,000
£119,000 divided by (25 years x 12 months)
That is the monthly payment.
But go and see the bank and they will tell you
2007-02-02 00:33:44 · answer #4 · answered by CLAIRE S 2 · 0⤊ 0⤋
Use this free calculator tool from the BBC:
http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml
2007-02-02 00:32:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋