First Choice Finance - Mortgage Broker First Choice FinanceCompare Home Owner Loans
First Choice Finance - Mortgage BrokerCompare Home Owner Loans


Mortgage Repayment Calculator

Mortgage Repayment Calculator

Calculate Your Monthly Mortgage Repayments
Compare Capital Repayment & Interest Only
Competitive Refinance Mortgage Rates Available
Free Personal Illustration With No Obligation To Proceed



 


Mortgage required
£   
Repayment period
   years
Interest rate
   %
     
Monthly repayment
(Capital & interest repayment)
£   
(Interest only repayment)
£   

First Choice Finance is a prominent finance company with 25 years experience in a very complex industry. We want to make obtaining your mortgage loan or homeowner loan process as simple as possible, this includes keeping our current and future clients supported and informed throughout the process of getting your money. Our mortgage calculators can go a long way to helping with this. We have developed an LTV calculator, a consolidation calculator and both mortgage or loan repayment calculators to give you all the tools necessary to get a feel for what mortgage you can consider and how much it might cost you. We encourage you to use our mortgage repayment calculator to get an idea of the payments at different market rates. When the numbers look affordable call us to receive a personalised free quote for the rates available to you through us. Contact our finance advisers on 0800 298 3000 (landline) 0333 003 1505 (mobile) or fill in our on line enquiry form to get started.

Mortgage Repayment Rates

The best mortgage deals are often considered as those that offer the lowest rates. If you use the mortgage repayment calculator you will see that a lower interest rate constitutes a lower mortgage payment. Aside from being a lower monthly payment a lower rate also means that you will pay less overall interest on your loan for the duration of the term. Fill in our short online enquiry form with a few details of your mortgage enquiry and our friendly advisers will give you a call back to discuss the competitive mortgage repayment rates available to you. It may well surprise you what rates are available for customers with a good, fair or even sometimes a poor credit history.

Repayment Vs. Interest Only

The mortgage repayment option is something that you need to consider when you are looking at taking out a mortgage. The decision, which is one of the biggest you will make, is between capital and repayment and interest only, or potentially a blend of the two, know as a part and part mortgage. For more information on these repayment types give us a call or fill in our one minute on line enquiry form, to get you a better idea of which is best suited to your circumstances.

To help you make this decision our mortgage repayment calculator will calculate how much your monthly repayment would cost you on both capital & repayment and interest only. From there you can see which option is most suited to your affordability and needs.

Mortgage Repayment Terms

The term you choose to repay your mortgage over is largely down to your individual circumstance and most importantly affordability. There are a number of reasons why you would want a differing term. For example, if you are reaching retirement age in the next few years you may want the shortest term possible, although this would involve larger monthly repayments it would mean the mortgage is paid off as soon as possible, leaving your retirement years without the worry of having to make mortgage repayments. Our mortgage repayment calculator allows you to freely change the mortgage term to your liking. Why not see how much it would cost you over 25 years and then slowly decrease the term to see the shortest repayment term that you can afford for a rate you choose? If you have any questions on what the Mortgage Loan our lender`s believe is affordable you can call the above number and one of our experienced mortgage advisers will help you with any queries you may have.

Loan Calculators

For whatever reason a mortgage may not be what you are after. If you have used our mortgage repayment calculator and decided you want to look at other methods of raising finance like a homeowner secured loan for example, we can help with that too. There are many reasons that would mean a homeowner secured loan is a more viable option. If you wanted to raise money to enhance your property, consolidate some debts or even need a new car, but were still in a fixed rate period on your mortgage with costly penalties if you switch now and therefore didn`t want a refinance mortgage we could look to arrange you one of our any purpose homeowner loans. Head over to our loan calculator page to compare the costs. When you are happy with some of the figures give us a call on the above number and we can look at the best loan plans we have available for your situation.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Security is required on immovable property.



Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home

First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.


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