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Mortgage & Remortgage calculator guide for £310,000
< £300,000 Mortgage & Remortgage calculator PaymentsThe payment tables below show mortgage & remortgage payments for loans of £310,000 on both interest only and capital repayment & can be a useful guide for any potential borrower
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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 £310,000 mortgage calculator tables below are for guidance only, for an accurate mortgage calculation please contact us.
Monthly payment examples for £310,000 Interest Only
 |
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £1,033 | £1,291 | £1,550 | £1,808 |
| 25 years | £1,033 | £1,291 | £1,550 | £1,808 |
As you can see from the examples above, the mortgage term for a mortgage on interest only will not affect the monthly payments for a £310,000 mortgage as you are only repaying the interest and not the capital.
A capital & interest mortgage (or capital repayment), reflected in the mortgage calculator guide below means that each time you make a monthly payment some of the payment goes towards the interest and some towards the capital so that at the end of the mortgage term the loan has been repaid, this is the same even is you need a mortgage with defaults, CCJ's or missed mortgage payments.
Monthly payment examples for £310,000 on capital repayment
|
4% | 5% | 6% | 7% |
|---|---|---|---|---|
| 15 years | £2,323 | £2,488 | £2,659 | £2,836 |
| 16 years | £2,217 | £2,383 | £2,556 | £2,734 |
| 17 years | £2,123 | £2,291 | £2,465 | £2,645 |
| 18 years | £2,040 | £2,209 | £2,385 | £2,568 |
| 19 years | £1,966 | £2,137 | £2,315 | £2,499 |
| 20 years | £1,900 | £2,072 | £2,252 | £2,438 |
| 21 years | £1,841 | £2,014 | £2,195 | £2,384 |
| 22 years | £1,787 | £1,962 | £2,145 | £2,335 |
| 23 years | £1,738 | £1,915 | £2,099 | £2,291 |
| 24 years | £1,694 | £1,872 | £2,058 | £2,252 |
| 25 years | £1,653 | £1,832 | £2,020 | £2,216 |
| 26 years | £1,616 | £1,797 | £1,986 | £2,184 |
| 27 years | £1,582 | £1,764 | £1,955 | £2,155 |
| 28 years | £1,550 | £1,734 | £1,926 | £2,128 |
| 29 years | £1,521 | £1,706 | £1,900 | £2,104 |
| 30 years | £1,493 | £1,680 | £1,876 | £2,081 |
Mortgage products vary greatly depending on your individual circumstances and whilst payment tables can be a valuable source of information they should not replace a professional mortgage broker, unless you speak to a professional its unlikely you will know the interest rates you can apply for.
This is even more important if adverse credit is a factor and you need to apply for a bad credit mortgage, sub prime or none conforming mortgage lenders interest rates can vary greatly depending on your individual circumstances.
