Home loan calculator

Home loan calculator form

Interest, duration, conditions Offer your project the best real loan . Calculate/compare/select Find out the best real loan
HOME LOAN TO CALCULATE:

Loan amount: £

My existing home loans:
My monthly mortgage payments:   £/month
My monthly personal loan payments:   £/month

YOUR HOUSEHOLD SITUATION:

There are people in my household.

The total net income of my household is: £/month.

I am: Tenant Owner Living as a guest

Your monthly outgoings are: £/month

HOME LOAN CALCULATION DETAILS:

Length of loan:
 
 
 years
home loan rate:
 
 
 %
BEFORE: AFTER: RÉSULT:
Monthly payments: 0 £
Budget remaining: 0 £ per person:
Debt ratio: 0 %
Estimated overall loan cost:

How this home loan calculator can help you:

So you have a real estate project, you need finance, and you want to simulate your mortgage? This mortgage simulator is interactive and you can change its different parameters (rate, duration, household situation) and find out, in real time, the impact on your finances. The mortgage simulation will enable you to estimate:

  • your monthly repayment amounts
  • your remaining budget per person
  • the debt ratio resulting from the transaction.
  • the overall cost of the mortgage transaction,

    • To do this you need to know:

  • The amount, in euros, that you want to borrow in order to carry out your property project
  • If you already have loans, enter the monthly payments for your mortgage andyou?re your personal loans
  • The repayment term of the loan, in repayment years
  • The loan rate, as a percentage. This is usually between 3.5% and 5%
  • Your fixed costs (any child maintenance, your rent if you are renting). This does not include current expenses.
  • The number of individuals in your household If your remaining budget per person, or debt ratio, is high, the simulator will inform you as it is often a reason for the mortgage being refused by the lender.

    • The credit rate for a fixed home loan is usually between 3.5% and 5% and depends on the guarantees that you can provide, and your risk profile in the judgement of the lender. Note that to reduce the cost of the loan, it is preferable to take out the home loan for a period under 15 years. You also need enough remaining to live on and a debt ratio that allows this. High house prices and low purchasing power make it increasingly difficult to finance a property project without getting into debt over a long period.

    Note also that the mortgage simulation is based on a fixed rate over time. The news is telling us that a long period inflation may lie ahead. It is therefore better to borrow at fixed rates. Especially now that the rates are attractive.

    Other factors that may affect the results of your mortgage simulation:

    Depending on the mortgage lenders and brokers who you approach, there may be additional costs. Mortgage companies may differ significantly in the factors they consider from one organization to another. The same applies to the eligibility requirements. This simulator does not consider all the factors that may influence a mortgage application (eligibility, past payment default).

    Important: This simulator does not take certain elements into account (history, motivation, nature of the property project) that can affect the result of a mortgage simulation. We suggest that you contact a mortgage broker or bank advisor in order to carry out a more detailed mortgage simulation that is more tailored to your needs. Accordingly, the results of our mortgage simulator are provided for information purposes only and are not necessarily accurate or applicable to your particular case.

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