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£27,500.00 Mortgage Comparison Calculator

Our Mortgage Comparison Calculator gives you the opportunity to compare two fixed rate mortgage plans against a mortgage of £27,500.00.

While using the calculator you are able to change the value of the mortgage (by default this would be set to £27,500.00 for illustration purposes), you are also able to change the value of the annual interest rate of the mortgage, and the number of months for several plans in the boxes below. This provides you with the opportunity to see different mortgage costs, the amounts paid, and how much you would repay monthly on your mortgage of £27,500.00

The monthly payments, as well as the total interest and the total amounts of the plan are calculated with this calculator. The results are shown in a table to display each plan efficiently and show what the payment schedule would be for each plan.

Mortgage Comparison Calculator

Mortgage Amount:

Mortgage Term: years

Details of Mortgage
#	Amt	Interest Rate (%)	Mortgage Term (mths)	Mthly Pmt.	Tot Int. Paid	Tot Pmts
1				519	3634	31134
2				545	5172	32672

The number of decimal places is set at 0 by default, but can be changed.

Decimal Places

Comparison Summary
	Mortgage #1	Mortgage #2	Diff.
Principal	27500	27500	No diff.
Annual Interest Rate (%)	5	7	2
Term (months)	60	60	No diff.
Monthly Payment	519	545	26
Total Interest	3638	5172	1534
Total Payments	31138	32672	1534

Monthly Mortgage Payment Comparison Table
#	Mortgage #1			Mortgage #2
#	Prin.	Int.	Bal.	Prin.	Int.	Bal.
1	404	115	27096	385	160	27115
2	406	113	26689	387	158	26729
3	408	111	26282	389	156	26340
4	409	110	25872	391	154	25948
5	411	108	25461	394	151	25555
6	413	106	25048	396	149	25159
7	415	104	24633	398	147	24760
8	416	103	24217	401	144	24360
9	418	101	23799	403	142	23957
10	420	99	23379	405	140	23552
11	422	97	22958	408	137	23144
12	423	96	22534	410	135	22734
13	425	94	22109	412	133	22322
14	427	92	21682	415	130	21907
15	429	90	21254	417	128	21490
16	430	89	20823	420	125	21070
17	432	87	20391	422	123	20648
18	434	85	19957	425	120	20223
19	436	83	19521	427	118	19796
20	438	81	19083	430	115	19367
21	439	80	18644	432	113	18935
22	441	78	18203	435	110	18500
23	443	76	17759	437	108	18063
24	445	74	17314	440	105	17624
25	447	72	16868	442	103	17181
26	449	70	16419	445	100	16737
27	451	68	15968	447	98	16289
28	452	67	15516	450	95	15839
29	454	65	15061	453	92	15387
30	456	63	14605	455	90	14931
31	458	61	14147	458	87	14473
32	460	59	13687	461	84	14013
33	462	57	13225	463	82	13550
34	464	55	12761	466	79	13084
35	466	53	12295	469	76	12615
36	468	51	11828	471	74	12144
37	470	49	11358	474	71	11669
38	472	47	10886	477	68	11192
39	474	45	10412	480	65	10713
40	476	43	9937	483	62	10230
41	478	41	9459	485	60	9745
42	480	39	8980	488	57	9257
43	482	37	8498	491	54	8766
44	484	35	8014	494	51	8272
45	486	33	7529	497	48	7775
46	488	31	7041	500	45	7275
47	490	29	6552	503	42	6773
48	492	27	6060	505	40	6267
49	494	25	5566	508	37	5759
50	496	23	5070	511	34	5248
51	498	21	4572	514	31	4733
52	500	19	4073	517	28	4216
53	502	17	3570	520	25	3695
54	504	15	3066	523	22	3172
55	506	13	2560	526	19	2645
56	508	11	2052	530	15	2116
57	510	9	1541	533	12	1583
58	513	6	1029	536	9	1047
59	515	4	514	539	6	509
60	514	2	0	509	3	0

Principal Column (Prin.): Displays the amount of the mortgage that is paid off.
Interest Column (Int.): Displays the interest that has been paid against the outstanding balance of the mortgage.
Balance Column (Bal.): Displays the remaining principal balance due after each month.

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Rating: 3.0/5 (10 votes)