Just out of Curiosity how much is a mortgage a month on a house worth 125.000 over 25 years?
Answers:
The concrete answer is around lb1,041 base on 6%.
Which dune is going to endow with you 4%? Virtually Impossible.
the route you work it out is this way
lb125k x (Interest %) +lb125k Divided by 300 months
about lb800 I come up with
It depends on the interest rate. If you enjoy excel find a template of an amortization agenda to play near.
At an interest rate of 4% it's lb812 per month.
about lb800
It adjectives depends on the interest rate and whether or not it's an interest individual or a repayment mortgage.
Anywhere from around lb600 interest just to over lb1000 repayment, as i right to be heard dependent on the above.
A obedient place to check out is www.moneysupermarket.com, find other (watch out for product fees!) later shift to the sandbank or building society website you enjoy chosen, they usually enjoy a mortgage calculator, aswell as affordability calculators