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Mortgage Calculator Payments for £170,000
< £160,000 Mortgage & Remortgage Calculator Payments £180,000 Mortgage & Remortgage Calculator Payments >Below are mortgage & remortgage payment tables for £170,000 showing payments for interest only & capital repayment.
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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 £170,000 mortgage calculator tables below are for guidance only, for an accurate mortgage calculation please contact us.
Monthly payment examples for £170,000 Interest Only
 |
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £566 | £708 | £850 | £991 |
| 25 years | £566 | £708 | £850 | £991 |
As you can see from the calculation table above, the mortgage term for an interest only mortgage will not affect the monthly payments - this is because you are only repaying the interest and not the capital.
They have become very popular not only for buy to let mortgages but also as a means of reducing monthly mortgage payments to their minimum when times are hard or where borrowers are looking to repair their credit by way of a credit repair remortgage.
Monthly payment examples for £170,000 capital repayment
|
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £1,274 | £1,364 | £1,458 | £1,555 |
| 16 years | £1,215 | £1,307 | £1,401 | £1,499 |
| 17 years | £1,164 | £1,256 | £1,352 | £1,451 |
| 18 years | £1,119 | £1,211 | £1,308 | £1,408 |
| 19 years | £1,078 | £1,172 | £1,269 | £1,370 |
| 20 years | £1,042 | £1,136 | £1,235 | £1,337 |
| 21 years | £1,009 | £1,104 | £1,204 | £1,307 |
| 22 years | £980 | £1,076 | £1,176 | £1,280 |
| 23 years | £953 | £1,050 | £1,151 | £1,256 |
| 24 years | £929 | £1,026 | £1,128 | £1,235 |
| 25 years | £906 | £1,005 | £1,108 | £1,215 |
| 26 years | £886 | £985 | £1,089 | £1,197 |
| 27 years | £867 | £967 | £1,072 | £1,181 |
| 28 years | £850 | £950 | £1,056 | £1,167 |
| 29 years | £834 | £935 | £1,042 | £1,153 |
| 30 years | £819 | £921 | £1,029 | £1,141 |
The mortgage calculator tables above should help you decide if a mortgage or remortgage is affordable, you may also find it useful to find out how a lender works out your affordability, that is to say how they work out if you can afford a mortgage based on their lending criteria.
Bad credit mortgages make it easier for people with a poor credit history to obtain a mortgage, sometimes called a poor credit mortgage - the lending criteria for these types of mortgage is slightly different to normal high street mortgages - one notable difference is how they work out the mortgage loan to value (LTV), any bad credit you have registered can affect the LTV a lender will allow.
To find out exactly how much you can borrow and the exact payments and costs involved simply complete the form at the top of this page and one of our dedicated advisors will call you back as soon as possible.
