UK Mortgage Calculator Enter mortgage amount: £ Enter interest rate: % Enter loan duration (years): //Calculates the mortgage function calculateMortgage() { var mortAmt = document.forms[0].mortgage_amt.value; var intRate = document.forms[0].int_rate.value; var loanDur = document.forms[0].loan_dur.value; //Calculate Monthly Payment var intr = intRate / 1200; var months = loanDur * 12; var pmtAmt = mortAmt*intr/(1-Math.pow(1/(1+intr), months)); //Output document.getElementById("result").innerHTML = "Monthly payment: £" + pmtAmt.toFixed(2) + " Total repayment: £" + (pmtAmt * months).toFixed(2); } UK Mortgage Calculators: Unlock the Ins and Outs of Your Mortgage Options If you are a UK citizen and you are considering buying a home or refinancing an existing mortgage, chances are you are wondering what's the best route to take and what your best options may be. While your financial institution or a mortgage broker can help walk you through the process, using a mortgage calculator first can help provide valuable information as to what type of loan you would qualify for, the long-term lenders available, and other helpful details about the mortgage process. For example, a good UK mortgage calculator can help you determine how much of an upfront cost you may be able to finance and offer insights into the types of mortgages that are available in the UK. Mortgage calculators can be a very useful tool for those looking to purchase a home in the UK. They are designed to help you compare different types of loans and lenders to help you make an informed decision about your mortgage. Many UK mortgage calculators are available online and most of the major lenders are represented. By using an online mortgage calculator, you can quickly see how the process works and which lenders offer the best rates and products. One of the most important aspects of the UK mortgage process is to know what your budget parameters are. When using a UK mortgage calculator, you will be able to input your desired loan amount and the amount of time you want to pay the loan back. By inputting this information, the calculator will give you a range of interest rates and other loan terms that may work for you. But how do you compare all of the loan options available in the UK? By using a UK mortgage calculator you can easily narrow down the field of lenders and focus on those that may offer the best terms. Additionally, with a UK mortgage calculator you can easily compare different lenders to determine if certain lenders offer more attractive terms than others. As you are researching lenders, you will want to pay close attention to the terms that they offer. This includes things like the interest rate, repayment schedule, early repayment fees and any other fees associated with that particular mortgage. Being able to compare the different terms among different lenders can be invaluable when making your decision. It is important to remember that a UK mortgage calculator is only a starting point. It provides you with a range of interest rates that you may qualify for. It is, however, important to look closely at the terms of each different loan and determine if it will be beneficial to you in the long-term. Keep in mind that something that looks great right now, may not look so great several years down the line. By using a UK mortgage calculator, you can quickly find out what type of products may be available to you and the interest rate that you would qualify for. While this is certainly helpful in the long run, it is still important to do a little bit of research on the lenders and to make sure that the terms of the loan are beneficial to you. With a bit of research, you can know that you are making an informed decision and that you are getting the best deal possible for your UK mortgage.