Mortgage Loan Calculator

Before buying a home and being locked into a mortgage for numerous years, you need to know how much you can afford to pay, which is why the First Choice Finance mortgage loan calculator can prove to be invaluable.

It`s simple to use – all you need to do is put in the mortgage or loan you will require, how long you anticipate paying it off for and the interest rate of any deals that you`ve seen or would like to aim for and it will calculate how much you`d be paying back each month, whether you`re making capital repayment or interest only.

You can toggle about the figures to your heart`s content in order to reach a payment figure that you`ll be happy with, although bear in mind that the mortgage loan calculator is just for illustrative purposes – for a personalised quote, you`ll need to contact our finance experts.

Of course, you don`t just have to use the mortgage loan calculator for house purchase – you can use it if you`re looking to switch to another deal through remortgaging or if you want to release funds by taking out a second mortgage or a homeowner loan.

With this extra cash, you`ll be able to treat yourself to a once-in-a-lifetime purchase, like a round-the-world cruise to celebrate your wedding anniversary, a big family car, or a major expansion to your home. Otherwise you can use the money for debt consolidation and take control of your finances and your cashflow.

Find out more about the mortgage loan calculator or get a personalised quote by filling in the online enquiry form at firstchoicefinance.co.uk. You can also contact our finance experts from a landline on 0800 298 3000 or from a mobile on 0333 003 1505.
 

Homeowner Secured Loans 9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE) First Choice are tied to certain unsecured lenders.

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

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

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. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.