Interest Only Mortgage Calculator

Interest Only Mortgage Calculator

Compare Interest Only Mortgage Deals

Virgin Money Mortgage Offer

7 Year Fixed Interest Only Deal

  • Initial Rate – 2.37% APR
  • 60% Loan To Value (LTV)
  • 7 Year Fixed
  • £300 Cashback

Overall cost for comparison 3.60% APRC

Call Virgin Money FREE on 0330 057 1528

Post Office Buy To Let Mortgage Offers
Post Office Mortgage
Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.49%
Reverts to 4.24%
Max LTV
60%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
1.59%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes
Interest Only

Call FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
1.59%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Type
Tracker
Initial Term
2 Years
Initial Interest Rate
1.75%
Reverts to 4.99%
Max LTV
70%
Product Fee
Yes
Interest Only

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.76%
Reverts to 4.74%
Max LTV
60%
Product Fee
Yes
Interest Only

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.83%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.95%
Reverts to 4.24%
Max LTV
60%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.95%
Reverts to 4.24%
Max LTV
60%
Product Fee
Yes
Interest Only

Call FREE on 0800 096 7447

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.99%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.01%
Reverts to 4.74%
Max LTV
60%
Product Fee
No
Interest Only

Call FREE on 0808 178 6813

£500 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
2.23%
Reverts to 4.24%
Max LTV
60%
Product Fee
Yes
Interest Only

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
2.23%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes
Interest Only

Call FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
2.30%
Reverts to 4.74%
Max LTV
70%
Product Fee
No
Interest Only

Call FREE on 0808 178 6813

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Using an interest only mortgage calculator

Interest only mortgage calculators tend to work in the following way:

  • You would enter into the calculator the amount that you would like to borrow, the repayment period of your mortgage as well as the rate of interest
  • The mortgage calculator would provide you with a figure that represents your monthly interest repayment for that particular mortgage deal.

Please be aware that the figure quoted on an interest only mortgage calculator is not inclusive of the additional payments that you should be making into an investment vehicle such as an ISA, a pension plan, or an endowment.

It must also be noted that an interest only mortgage calculator will not take account of variable interest rates, meaning that it might not be able to work out the long term costs of a variable rate mortgage. It could therefore be best to use an interest only mortgage calculator to give you a rough guide of how much the mortgage would cost.

When looking for an interest only mortgage, you may wish to consider the different types of interest rates available.  These could include the following:

  • Fixed rate – A fixed rate mortgage would have an interest rate that would be guaranteed to be of a certain amount for a set period.
  • Tracker – Tracker interest rates follow the Bank of England base interest rate and could vary in accordance with this.
Post Office Buy To Let Mortgage Offers
Post Office Mortgage

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE