For a repayment loan
You have selected a term of 25 years (300 payments) for a mortgage of £100,000. Your payments could be:
|Monthly Payment||Annual Payment|
|£527.84 per month||£6,334.04 per year|
Over the entire period, you will repay £158,351.05
Therefore the cost of interest over the full term is £58,351.05
Warning! Your home may be repossessed if you do not keep up repayments on your mortgage.