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Steve Dyson's Mortgage Calculator
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Mortgage Calculator Help
Mortgage Repayment
Repayment Mortgage
Interest Only
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The information and figures shown in the mortgage calculator above are for illustration purposes only.

The actual figures in your case may vary slightly subject to the terms and conditions of the lender.

A repayment mortgage is one where the monthly payment pays both interest and a part of the original amount of the loan.

An interest only mortgage is one where no part of the original loan is paid off by the monthly payment and it is up to you, the borrower, to plan for the means of repaying the loan. It is typically repayed by the use of a savings policy or other financial instrument.

Your home may be repossessed if you do not maintain repayments on a mortgage or loan secured on it. Independent Mortgage Matters is authorised and regulated by the Financial Services Authority - FSA No 300920. Written details of credit terms are available on request. A life insurance policy may be required. Redemption penalties may be payable to an existing lender.

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