Mortgage Calculator

Are you unsure what you could afford each month for your new mortgage?

Why not use our handy mortgage calculator to find out how much you could potentially borrow.

By using our mortgage calculator you can work out how much your monthly mortgage repayments could potentially be based on the interest rate and length of time you choose to have your mortgage over.

To get the best and most precise results from the calculator you need to consider the size of your deposit. When considering this think about all the other costs associated with moving and purchasing the property – such as stamp duty for example.

Then use the sliding scale to enter this amount on the calculator along with the value of the property you wish to purchase. This will then give you an indicative figure for the size of mortgage you will need.

Mortgage calculator:

House Value

£300,000

Deposit Amount

£15,000

Mortgage required

£285,000

Loan to value

95%

Typical Monthly Repayments:

Years

Interest Rate

Monthly repayment

£1,438

Mortgage required:

£285,000

Interest rate:

Monthly repayments

£1,438

How to use our new build mortgage repayment calculator

Based on the amount of mortgage you need to borrow, you can now find out what your monthly repayments will be. This figure will be based on the results from the information you previously entered. However, it is also dependent on the number of years the repayment is made and the interest rate. You can amend these figures by moving the sliding scale which will adjust the monthly figure accordingly.

When looking at this figure it is always good to consider how much repayment you can comfortably afford. Do not try to stretch your funds too far and make sure your budget allows for other eventualities. It takes just a few clicks to see how much you can borrow and how much your mortgage might cost.

Step-by-step guide

1. Enter your house value and deposit
The first step is to enter your house value and how much you can afford to pay towards your deposit.

2. Enter your repayment terms
To get an accurate idea of how much you will be paying each month, select over how many years you want to pay off your mortgage. The older you are, the lower the number of years you should select. You will also need to enter an interest rate.

3. Complete!
Now you’ll be left with a figure for your monthly repayments.

Help and advice from Linden Homes

We have a number of ways to help you get moving into your dream home.

Do you have a property to sell? Don’t worry, we can help you to sell your old property quickly by working with the estate agents on your behalf, What’s even better, we will even pay their fees on your behalf when your house sells with our Smooth Move package.

You can also use our Home Exchange scheme in which we will buy your property at market value. This means you will have the piece of mind that you won’t have any last minute ‘drop-outs’ and you also avoid estate agent fees.

We also have exclusive help available for members of the Armed Forces.

For more help, advice and guidance, get in touch with our team today.

More ways we can help you move

Deposit Unlock

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Mortgage Calculator

Are you unsure what you could afford each month for your new mortgage?

By using our mortgage calculator you can work out how much your monthly mortgage repayments could potentially be based on the interest rate and length of time you choose to have your mortgage over.

How to use our new build mortgage repayment calculator

Step-by-step guide

Help and advice from Linden Homes

More ways we can help you move

Deposit Unlock

Deposit Assist

First Homes

Smooth Move

Home Exchange

Armed Forces

Introduce a friend

Shared Ownership

Deposit Unlock

Deposit Assist

First Homes

Smooth Move

Home Exchange

Armed Forces

Introduce a Friend

Shared Ownership

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