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Mortgage Payments for £240,000
< £230,000 Mortgage & Remortgage Calculator Payments £250,000 Mortgage & Remortgage Calculator Payments >The mortgage payment guides for £240,000 below should give you an indication of the monthly costs for your new mortgage or remortgage - we have listed examples for both interest only and 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 £240,000 mortgage calculator tables below are for guidance only, for an accurate mortgage calculation please contact us.
Monthly payment examples for £240,000 Interest Only
 |
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £800 | £1,000 | £1,200 | £1,400 |
| 25 years | £800 | £1,000 | £1,200 | £1,400 |
Mortgages on capital repayment unlike interest only mortgages will change depending on the mortgage term, any bad credit you have registered on your credit file will also alter the monthly costs as the interest rate will also change.
Monthly payment examples for £240,000 capital repayment
|
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £1,798 | £1,926 | £2,059 | £2,195 |
| 16 years | £1,716 | £1,845 | £1,979 | £2,117 |
| 17 years | £1,643 | £1,773 | £1,908 | £2,048 |
| 18 years | £1,579 | £1,710 | £1,847 | £1,988 |
| 19 years | £1,522 | £1,654 | £1,792 | £1,935 |
| 20 years | £1,471 | £1,604 | £1,743 | £1,887 |
| 21 years | £1,425 | £1,559 | £1,700 | £1,845 |
| 22 years | £1,383 | £1,519 | £1,660 | £1,808 |
| 23 years | £1,346 | £1,482. | £1,625 | £1,774 |
| 24 years | £1,311 | £1,449 | £1,593 | £1,743 |
| 25 years | £1,280 | £1,419 | £1,564 | £1,716 |
| 26 years | £1,251 | £1,391 | £1,538 | £1,691 |
| 27 years | £1,224 | £1,365 | £1,513 | £1,668 |
| 28 years | £1,200 | £1,342 | £1,491 | £1,647 |
| 29 years | £1,177 | £1,320 | £1,471 | £1,628 |
| 30 years | £1,156 | £1,301 | £1,452 | £1,611 |
Mortgage products that allow adverse credit, called bad credit mortgages will tend to have a higher interest rate than a mortgage that does not, from the tables above, bad credit products will start at around 4%.
For a mortgage quote tailored to your specific needs, requirements and budget complete the form at the top of this page and we will call you back.
