£120,000 Mortgage Payment Guides
The mortgage & remortgage calculator payment tables £120,000 below show interest rate examples from 3% on both interest only and capital repayment and can be a useful source of information for potential borrowers.
Mortgage interest rates typically start from as little as 1.99% or less, as everyone's circumstances are different you should speak to a mortgage professional for an accurate illustration.
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The £120,000 payment tables are for illustration purposes only,please contact us for an accurate illustration.
Monthly payment examples for £120,000 Interest Only
 |
3% | 4% | 5% | 6% |
|---|---|---|---|---|
| 15 years | £300 | £400 | £500 | £600 |
| 25 years | £300 | £400 | £500 | £600 |
Interest only mortgages are a good way to fund buy to let mortgages and for reducing the monthly payments of a mortgage if your finances are a little overstretched or if your on a higher than normal interest rate. The examples above are show show that on an interest only mortgage the mortgage term does not affect the monthly payment.
some of the best mortgage deals...
| Initial rate |
Until | Cost for Comparison |
Max Loan to value | |
|---|---|---|---|---|
Tracker |
1.84% | 2 years | 5.0% APR | 70% |
Tracker |
1.89% | 2 years | 4.9% APR | 70% |
Tracker |
2.49% | 31 May 2012 | 5.1% APR | 75% |
Tracker |
3.49% | 20 June 2012 | 4.2% APR | 80% |
Tracker |
3.99% | 2 years | 5.4% APR | 85% |
Knowing the available mortgage interest rates is a good place to start in applying for a mortgage, however, in today's challenging financial market its important to speak to someone who can ensure your application goes through as smoothly and quickly as possible.
With years of experience & access to the whole mortgage market, our dedicated advisors are fully qualified & regulated with the Financial Services Authority & trained to the highest standards to ensure you get the best level of service and the best mortgage or remortgage available.
Monthly payment examples for £120,000 capital repayment
|
3% | 4% | 5% | 6% |
|---|---|---|---|---|
| 15 years | £828 | £899 | £963 | £1,029 |
| 16 years | £787 | £858 | £922 | £989 |
| 17 years | £751 | £821 | £886 | £954 |
| 18 years | £719 | £789 | £855 | £923 |
| 19 years | £691 | £761 | £827 | £896 |
| 20 years | £665 | £735 | £802 | £871 |
| 21 years | £642 | £712 | £779 | £850 |
| 22 years | £621 | £691 | £759 | £830 |
| 23 years | £602 | £673 | £741 | £812 |
| 24 years | £585 | £655 | £724 | £796 |
| 25 years | £569 | £640 | £709 | £782 |
| 26 years | £554 | £625 | £695 | £769 |
| 27 years | £540 | £612 | £682 | £756 |
| 28 years | £528 | £600 | £671 | £745 |
| 29 years | £516 | £588 | £660 | £735 |
| 30 years | £505 | £578 | £650 | £726 |
*table figures rounded to the pound (£)
The figures and information in the mortgage calculator tables should give you an indication of how 
much a mortgage for £120,000 will cost each month.
For a personalised no obligation mortgage quote simply complete the form at the top of this page and one of our specialist brokers will call yo back - As we specialise in adverse credit, we are more than happy to help with CCJ Mortgage, bad credit mortgages and remortgage solutions for credit repair and debt consolidation.
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