In particular, if you submit an inquiry in response to an ad in, or adjacent to, the calculator (e.g., “Get pre-approved by a lender”), the information you submit here may be provided to one or more mortgage professionals who may assist you with and/or contact you about your inquiry. The information you submit is subject to our Privacy Policy. provides information and advertising services – learn more. It is highly recommended that you speak with a lender or loan professional of your choice about your mortgage loan needs and to help determine your home affordability. The calculator and its output do not necessarily apply to all loan types, and not everyone will necessarily be able to find a home at a purchase price, and a mortgage with payment levels, that fits their budget and meets their needs. The questions asked, information you submit and assumptions made here, and the availability and output of the calculator (including any home or monthly payment estimate), (i) do not constitute a loan application, offer or solicitation, nor an advertised amount regarding any of them, (ii) are not an assurance as to any loan approval or dis-approval, and (iii) are not intended as financial, legal or other professional advice. The affordability calculator provides only a general estimate, is intended for initial information purposes only, and your use of the affordability calculator is subject to our Terms of Use. The most popular place to start is our borrowing calculator or our affordability calculator.IMPORTANT. Which mortgage calculator is right for me? For a 1M home, assuming a 30-year mortgage with a. Our calculators give you a idea of what you might be able to borrow from us to buy a home, and what your monthly and total mortgage payments could be, for different types of mortgages. The 28/36 rule states that your monthly housing costs should not exceed 28 percent of your monthly income, and 28 percent of 16,667 is 4,667. We won’t ask about groceries, utility bills or travel. Why you’re applying – for example, buying your first home, moving home, or buying a second home.How much you regularly spend – on things like your credit or store cards, loans, overdrafts, maintenance and pension.When you apply for a mortgage or use our calculator, we’ll ask you for information like What information do I need to use a calculator and how do you decide what I can afford? By entering income and monthly expenditures, view how much money is left to save and how much money is being spent. That has to be paid at closing or included in your mortgage. If you’re buying a 500,000 home, for example, closing costs would be approximately 15,000-25,000. A home budget planner or home finance calculator. It’s for you if you’re a first time buyer, you’re looking to remortgage, move or buy an additional home, or you’re a buy-to-let landlord. This home budget calculator helps you do just that. Closing costs when buying a home typically add up to around 3-5 of the home’s price. Buying a house is a huge investment and a home budget planner is the perfect aid for this mammoth task. We have different calculators that can help you in different ways – each calculator does something slightly different. It’s a tool that gives you an estimate of how much you could borrow from us or what your monthly repayments and other costs might be, for a mortgage in the UK.
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