Short answers to the common questions people ask before using the tool.
It gives you a quick estimate of deposit amount, loan size, monthly payment, and total repayment based on the property price, deposit, rate, term, and mortgage type you choose.
No. This is a planning tool. A lender will also look at income, spending, credit profile, and stress-tested affordability before deciding how much it is prepared to lend.
Use repayment if you want to model the most common residential mortgage structure. Interest-only is mainly useful if you want to compare the lower monthly payment against the fact that the capital still has to be repaid later.
Yes. Even a modest rate change or a longer term can noticeably change both the monthly payment and the total interest paid, which is why it helps to test a few versions before treating one result as fixed.
Open the advanced mortgage calculator when you want richer comparison tools, fee handling, premium charts, and deeper decision support beyond this quick estimate. Open advanced calculator. Sign in for extras like scenario management and report workflows.
