Fixed rate 10 year remortgage payments calculator
What will be my monthly payments on a fixed rate 10 year remortgage?
Although tracker mortgages are now increasingly popular, the fixed rate mortgage is the choice for the majority of UK homebuyers. Use this Fixed Rate 10 Year Remortgage Payments Calculator to work out your monthly repayments if you chose to take out a mortgage loan over a ten-year period. You need to enter the interest rate that you have been quoted by the mortgage provider, but you should consider entering a number of different rates and seeing how this affects your monthly repayments.
Also, do bear in mind that there are a number of additional costs involved in buying a property, such as the mortgage arrangement fee, the surveying and valuation and insurance. Therefore, make sure that you factor all these additional costs in when you are deciding whether you can afford a particular mortgage deal. If you are the type of homebuyer that does not like to take any risks with their money, a fixed rate mortgage will give you the security of knowing exactly what your monthly repayments will be over a set period of time. Use the Fixed Rate 10 Year Remortgage Payments Calculator to get an estimate of what those payments might be.