Mortgage calculators
Not sure how much you could borrow, what your monthly payments might look like or how your deposit affects your loan-to-value? These quick calculators can help you explore the numbers.
Your results are a useful starting point. Dillon can then help you understand how they fit with your circumstances, lender criteria and next steps.
- Choose a calculator
- Enter your figures
- Review the illustration
Using a simple 4 to 4.5 times combined-income illustration
- Combined annual income£0
- Illustrative calculation4×–4.5×
Actual borrowing depends on affordability, expenditure, financial commitments, income type, deposit, property, age, term, credit status and lender criteria. This is not an agreement in principle or indication of eligibility.
Want to put these figures into context?Talk to DillonCapital-and-interest repayment basis
- Total repaid£0
- Total interest£0
Illustration only. It does not include fees, changes in rate or lender-specific calculations.
Want to put these figures into context?Talk to DillonIf the rate and overpayment stayed unchanged
- New monthly payment£0
- Estimated interest saved£0
Check your mortgage terms before overpaying. Early repayment charges and annual overpayment limits may apply.
Want to put these figures into context?Talk to DillonBased on the figures entered
- Mortgage required£0
- Deposit percentage0%
A lender may use its own valuation rather than the purchase price when assessing loan-to-value.
Want to put these figures into context?Talk to DillonBased on the selected assumptions
- Required annual rent£0
- Stressed annual interest£0
This is not a lender affordability assessment. Stress rates and coverage ratios vary by lender, product, tax position and application.
Want to put these figures into context?Talk to DillonFigures are not saved. Results are general illustrations only. Please read our Terms of Business and Privacy Notice.
These calculators provide general illustrations only and are not personalised advice, a recommendation or an agreement in principle. They do not indicate that borrowing will be available. Speak to an adviser before making financial decisions.
Helpful answers
Mortgage calculator FAQs
Understand what the figures can tell you, where their limits are and what lenders may consider in practice.
Are the calculator results guaranteed?
No. The results are general illustrations based only on the figures entered. They are not personalised advice, an agreement in principle, a mortgage offer or confirmation that you will be eligible to borrow.
How does the borrowing calculator work?
It combines the applicants’ gross annual income and applies a simple range of four to four-and-a-half times that income. A lender will carry out a fuller affordability assessment covering expenditure, commitments, income type, deposit, term, credit history, property and its own criteria.
How are monthly mortgage repayments calculated?
The repayment illustration uses the mortgage amount, interest rate and term entered. It assumes a capital-and-interest repayment mortgage and does not include product fees, future rate changes or lender-specific calculations. Interest-only repayments are calculated differently.
What does loan-to-value mean?
Loan-to-value, or LTV, is the mortgage amount shown as a percentage of the property value. For example, borrowing £180,000 against a property valued at £200,000 would be 90% LTV. A lender may use its own valuation when assessing this figure.
Could making mortgage overpayments save interest?
Potentially. Paying extra may reduce the balance sooner, which could shorten the term and lower the interest paid. Check your mortgage conditions first because overpayment limits and early repayment charges may apply.
How do lenders assess buy-to-let rental income?
Lenders commonly test the expected rent against the mortgage interest using a stressed interest rate and an interest coverage ratio. The calculation can vary by lender, product, applicant tax position and property type, so the rent-cover result is only an illustration.
Numbers are only the starting point
Put the illustration into context.
Discuss your wider circumstances and what the mortgage needs to achieve.
Arrange a call