Mortgage & Remortgage for £230,000

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Monthly Mortgage Payment Tables for £230,000

< £220,000 Mortgage & Remortgage Calculator Payments £240,000 Mortgage & Remortgage Calculator Payments >

Mortgage monthly payment guides are a good way to gauge the approximate monthly cost of a new mortgage or remortgage - we have listed below tables for £230,000 for both capital repayment and interest only.230000 mortgage repayments, contact us



some of the best mortgage deals...

  Initial
rate
Until Cost for
Comparison
Max Loan to value

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1.84% 2 years 5.0% APR 70%

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1.89% 2 years 4.9% APR 70%

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2.49% 31 May 2012 5.1% APR 75%

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3.49% 20 June 2012 4.2% APR 80%

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3.99% 2 years 5.4% APR 85%

The £230,000 mortgage calculator tables below are for guidance only, for an accurate mortgage calculation please contact us.

Monthly payment examples for £230,000 on Interest Only

230000 mortgage payments 4% 5% 6% 7%
15 years £766 £958 £1,150 £1,341
25 years £766 £958 £1,150 £1,341

As you can see from the examples above, the monthly payments for a mortgage on interest only will not change if the mortgage term is alters as you are only paying the interest and not the capital.

Monthly payment examples for £230,000 capital repayment

230000 mortgage payments 4% 5% 6% 7%
15 years £1,723 £1,846 £1,973 £2,104
16 years £1,644 £1,768 £1,896 £2,028
17 years £1,575 £1,700 £1,829 £1,963
18 years £1,514 £1,639 £1,770 £1,905
19 years £1,459 £1,585 £1,717 £1,854
20 years £1,410 £1,537 £1,671 £1,809
21 years £1,366 £1,494 £1,629 £1,768
22 years £1,326 £1,456 £1,591 £1,732
23 years £1,290 £1,420 £1,557 £1,700
24 years £1,257 £1,389 £1,527 £1,671
25 years £1,226 £1,359 £1,499 £1,644
26 years £1,199 £1,333 £1,474 £1,620
27 years £1,173 £1,308 £1,450 £1,598
28 years £1,150 £1,286 £1,429 £1,579
29 years £1,128 £1,265 £1,410 £1,561
30 years £1,108 £1,246 £1,392 £1,544

Mortgages are changing constantly and its no wonder people wanting a new mortgage or remortgage are finding it difficult to understand what's available to them - the payment calculator tables above should give a good indication as to whether you can afford the monthly payments, you may also be interested in how a lender works out mortgage affordability, there are other factors affecting the monthly payments also such as mortgage loan to value and you credit history and we would recommend contacting us for a tailored, no obligation mortgage illustration.

Please note:
The figures above do not constitute a mortgage offer of any form. Baker Financial can not be held responsible for any misprints on the tables above. For an exact quotation please contact us.

230000 mortgage & remortgage,  APR statement