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Monthly payment guide for £140,000 Mortgages
< £130,000 Mortgage & Remortgage Calculator Payments £150,000 Mortgage & Remortgage Calculator Payments >In order to help you understand the likely costs of a new mortgage we have listed example payment tables for interest only and repayment mortgages of £140,000over 15 to 30 years.
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| 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% |
The £140,000 mortgage calculator tables below are for guidance only, for an accurate mortgage calculation please contact us.
Monthly payment examples for £140,000 for Interest Only
 |
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £466 | £583 | £700 | £816 |
| 25 years | £466 | £583 | £700 | £816 |
The term on an interest only mortgage, as you can see from the above example will not change the monthly payments as no capital is being repaid, regardless of any bad credit the term will not affect monthly payments, even for bad credit mortgages such as a CCJ mortgage which will allow you to have CCJ's registered on your credit file.
Monthly payment examples for £140,000 capital repayment
|
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £1,049 | £1,123 | £1,201 | £1,280 |
| 16 years | £1,001 | £1,076 | £1,154 | £1,235 |
| 17 years | £958 | £1,034 | £1,113 | £1,194 |
| 18 years | £921 | £998 | £1,077 | £1,159 |
| 19 years | £888 | £965 | £1,045 | £1,128 |
| 20 years | £858 | £936 | £1,017 | £1,101 |
| 21 years | £831 | £909 | £991 | £1,076 |
| 22 years | £807 | £886 | £968 | £1,054 |
| 23 years | £785 | £864 | £948 | £1,035 |
| 24 years | £765 | £845 | £929 | £1,017 |
| 25 years | £746 | £827 | £912 | £1,001 |
| 26 years | £729 | £811 | £897 | £986 |
| 27 years | £714 | £796 | £883 | £973 |
| 28 years | £700 | £783 | £870 | £961 |
| 29 years | £686 | £770 | £858 | £950 |
| 30 years | £674 | £758 | £847 | £940 |
Mortgage terms of 30 years are becoming more common as borrowers are working more into their senior years which helps to keep the costs of a repayment mortgage down as the longer the mortgage term on a repayment mortgage the lower the monthly payments will be, especially in the times of the credit crunch, lenders are more likely and more keen to lend on what are being called credit crunch mortgages which are simply mortgages more favored by a lender, such as mortgages with low mortgage loan to values - meaning less risk for the lender making their lending criteria more easy to accommodate for borrowers with adverse or poor credit registered against them.
