Second charge mortgage calculator

 
Loan Amount
£
 
APR
%
 
Term
5 years
Min 2
Max 40
 
years
 
Compounding period per year
 
Calculate

 

For this Second charge mortgage calculator you will need to input:

The mortgage amount you want
The term you want for your loan
The APR you foresee paying for your loan

The calculator results which are presented here are based on the representative APR for the amount you enter.

Your actual rates and repayments may differ and will be based on your personal circumstances, the loan amount and term.

This Second charge mortgage calculator is only for guidance and may not truly reflect your mortgage affordability.

How this Second charge mortgage calculator Works

This calculator helps you to check your monthly repayments depending on your loan amount and calculates the total amount you end up paying at the end of the term

Input the loan amount next to “Loan Amount” tab in the required currency mentioned in the list

Input the APR which stands for “Annual Percentage rate” and is always in %

The term is the number of years you need the loan, this field is always in years

Monthly Repayment is the automatically calculated amount which one is supposed to repay every month.

Total amount payable is the amount you have paid by end of term which is monthly repayment times term in moths

If you are currently looking to get a loan then you should not rely solely on the numbers from this loan Calculator.

If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.

You can also contact the debt charity “Step Change” if you are in debt and need help.

What was missing from this post which could have made it better?

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.