Independent Financial Adviser in Colchester, Essex - Woodruff Financial Planning
We are independent financial advisers in colchester essex members of the institute of financial planning (IFP)Independent Financial Adviser in Colchester, Essex
   
independent financial adviser in colchester essex

Mortgage Calculators

Use our Mortgage Calculator to work out the approximate monthly cost of a Repayment Mortgage

The results of this mortgage calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a bank or building society. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 5), and click the Calculate button. Clicking the Reset button will clear entered values.

Description
Data Entry
Loan Amount £
Loan Length in Months
Interest Rate
Monthly Payment Calculated £

Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.

 

 

 

 

 

The approximate benefits of switching your mortgage

This mortgage calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the administration costs of moving.
Enter the current balance of your mortgage:
(call your mortgage lender and ask for the current balance)
Enter the amount of your current monthly mortgage payment:
(capital and interest portion only)
Enter the your current mortgage interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the administration costs that will be required for refinancing:
This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):
Please note that this mortgage calculator is designed to act as a guide only, and is based on a repayment mortgage. You should contact us to obtain specific advice on your individual requirements. Woodruff Financial Planning is not giving you advice by your completion of this mortgage calculator.

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--- Write: Suite 43, The Colchester Centre, Hawkins Road , Colchester, Essex, CO2 8JX --- Phone: 01206 266882 --- Email: click here ---
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Dan Woodruff, trading as Woodruff Financial Planning, is an Independent Financial Adviser with Julian Harris Financial Consultants who are Independent Financial Advisers authorised and regulated by the Financial Services Authority No. 153566.
By viewing this site, you are deemed to accept our terms and conditions in full. This site is for information only, and does not constitute financial advice.
Independent Financial Adviser Colchester Essex UKFor United Kingdom residents over 18 only. © 2003 - 2008 Woodruff Financial Planning.