Mortgage calculators
Use our various online mortgage calculators to get an idea of your mortgage affordability before you take the next step. Each tool gives you a quick estimate, such as your monthly repayments and how much you could borrow.
Call our mortgage experts for free advice today on 033 0088 4407
How do online mortgage calculators work?
Online mortgage calculators rely on data input from the user, such as the loan amount, interest rate, and mortgage term. Depending on which one you use, they apply the relevant formulas, tax rules, or affordability checks to give you a quick estimate.
Crucially, remember that these tools provide estimates only. Mortgage applications are subject to a credit check, and each lender has its own specific criteria. Your actual mortgage repayments could be higher or lower depending on various factors such as income, credit rating, deposit size, and the type of mortgage you apply for.
But as a quick way to get an idea of how much you might pay, mortgage calculators are a brilliant start.
Should I use a mortgage calculator before applying for a mortgage?
Most people use our calculators before contacting us, so they feel prepared and confident, but it’s not essential. Our mortgage advisers always carry out a thorough assessment before they start searching the market for the right mortgage.
- Plan your budget
- Compare mortgage rates
- Understand how changes to the interest rate could affect your monthly payments
- Explore what happens if you shorten or extend your mortgage term
- Work out whether it’s time to consider a new, more cost-effective deal
Our mortgage calculators
IMPORTANT: The results from our calculators are generated by a computer and are based on many assumptions. The results should be used only as a rough estimate. For a more exact figure, get a personalised calculation from your lender or one of our mortgage brokers before making any decisions. We hold no responsibility for any potential errors in the figures presented.
Mortgage repayment calculator
How much will my mortgage repayments cost each month?
If you’re trying to get your head around what the repayments on a mortgage might look like, this calculator gives you a quick, realistic idea. It’s a simple way to check whether a deal feels affordable before you go any further.
What you’ll need: the loan amount, interest rate (see here for the latest typical rates), and term (the length of the deal you’re after, typically ranging from 20 to 30 years).
The results: the calculator will show you the estimated monthly repayment and the total interest over the whole mortgage.
Mortgage affordability calculator
How much can I borrow?
This tool helps you work out how much you could borrow based on your salary, bills and deposit. Every lender assesses affordability differently, but this tool gives you a strong indication of what’s realistic before you apply for a mortgage. It’s especially helpful for first-time buyers.
What you’ll need: Your income (or combined household income), regular outgoings, debts or credit commitments, and your expected deposit size.
The results: The calculator will estimate how much you could borrow based on your income and outgoings, helping you understand what lenders may be willing to offer.
Mortgage overpayment calculator
How much earlier could I pay off my mortgage?
Use this calculator to see how paying a bit more each month, or making a lump sum payment, could save money on interest and help you pay off your mortgage early.
What you’ll need: Your current mortgage balance, interest rate, remaining term, and the overpayment you want to make (either monthly or as a lump sum).
The results: You’ll see how much interest you could save and how much sooner you could clear your mortgage by making overpayments.
Stamp Duty calculator
How much Stamp Duty is due on my preferred property?
Use this calculator to see how much Stamp Duty will be due on your dream property. Whether you’re a first-time buyer, moving home, purchasing an investment property, or buying an energy-efficient new build, this helps you budget with confidence.
What you’ll need: The property purchase price. You’ll also need to input whether you’re a first-time buyer, home mover, or buying an additional property, as this can affect what you’ll pay.
The results: The calculator will show the Stamp Duty you’ll need to pay and whether any exemptions or reduced rates apply.
Debt-to-income calculator
Rental yield calculator
How much return will I get from this property?
If you are a new or existing landlord, use this tool to see the rental yield you could achieve. It’s a quick way to compare properties and check whether the numbers make sense.
What you’ll need: The property price and the expected monthly rental income.
The results: You’ll see the gross rental yield, helping you compare investment properties and understand potential returns.
Cost of Moving Home Calculator
How much does it cost to move house in the UK?
This calculator helps you estimate the full cost of moving home, from stamp duty and legal fees to estate agent fees and removal costs. It’s a useful tool if you’re buying, selling, or doing both at the same time.
What you’ll need: Your property value and whether you’re buying, selling, or both.
The results: You’ll see a detailed breakdown of your estimated moving costs so you can plan your budget with confidence.
What's next after using our calculators?
Once you have an idea of the type of mortgage you can afford, it’s important to get a more accurate picture from one of our mortgage advisers. They can tell you:
1.
How much you can really borrow
2.
Whether your credit score could affect your application
3.
Which lenders offer the best mortgage rates for your circumstances
4.
What repayments could look like on different products
5.
How an interest rate change might affect repayments
6.
Whether you should consider switching to a new deal
Our service is fee-free, and we do all the heavy lifting for you. We search the whole market, recommend the right mortgage, and manage the entire mortgage application. We’ll do the chasing around, keep you well updated throughout, and be there to answer your questions on WhatsApp, email, or phone – whichever works for you.
Proudly Boasting a 5-Star Trustpilot Rating
Our clients’ satisfaction speaks volumes about our service quality. YesCanDo Money is proud to have earned a 5-star rating on Trustpilot, reflecting our dedication to providing top-notch, personalised mortgage advice and services. We take pride in our commitment to excellence, ensuring that every client receives the best possible guidance and support.
Worked with us before? Feel free to leave us a review on either Google or TrustPilot.
Frequently asked questions about our mortgage calculators
How do repayment mortgages work?
A repayment mortgage means you pay back a combination of interest and capital each month. Over time, more of your payment reduces the balance. By the end of the term, the mortgage is cleared. The repayment calculator shows you roughly how this plays out.
Why does the amount change when I adjust the rate or term?
Both the mortgage interest rate and term have a big impact on monthly repayments. A lower rate reduces the monthly payment. A longer term spreads the cost but increases the total interest. A shorter term means higher payments but less overall interest. The repayment calculator helps you see this instantly.
Are mortgage calculators accurate enough to plan with?
Our mortgage calculators are a strong guide, but they are not a formal lender illustration. Lenders include fees, product types, and affordability checks that affect the final figure. Feel free to use the calculators to explore options, then speak to us for a more precise estimate.
Can I use a mortgage calculator if I'm remortgaging?
Many people use our repayment calculator as a remortgage calculator to compare their current deal with what’s available elsewhere. Just enter the amount you still owe and adjust the rate and term.
Do repayment mortgages always cost more each month than interest-only?
Yes, a repayment mortgage has a higher monthly payment because you’re paying both the balance and interest. If you’re unsure what’s right for you, we can talk you through both options.
Start your home-buying journey with YesCando Money today
If you are ready to start house-hunting, need a bit of guidance on how much you can borrow or just have a question about how mortgages work, we’re on standby to help.
Get in touch today for free advice and discover how easy getting a mortgage can be with YesCanDo Money.
