Mortgage Model

Property value (£):

Deposit:

Deposit entry format

£ %

Mortgage length (years):

Interest rate type:

Fixed Tracker

Inital term (years):

Fixed-rate options

Initial term interest rate (%):

Annual interest rate (%):

Tracker options

Enter tracker rates. One value per year, separated by commas (e.g. 4,5.5,4). The final value will be extended over the mortgage length

First-time buyer?

Selling current house?

Current house sale price (£)

Total initial sum available (including deposit) (£):

Available money ('total available for mortgage monthly' + new rental income) will be put towards mortgage repayments, then an emergency fund, and then split between savings and overpayments as required

Total available for mortgage monthly (£/m):

Non-mortgage monthly-spend (£/m):

Rental Income (£/m):

Rental tax (applied at rent above £7500/yr) (%):

Emergency fund target (£):

The following checkbox will allow for overpayments.

This works by splitting all 'spare' income in a month, into overpaying the mortgage, or into savings, as specified.

Proportion of spare income for savings (vs overpayment) (%):

Enable auto-overpayment?

Upfront costs:

Survey Fee (£):

Solicitor Fee (£):

Mortgage fee (this will be added to mortgage total) (£):

Mortgage advisor fee (£):

Moving Costs (£):

Land Registry fee (£)

Additional upfront costs (£):

Ongoing costs:

Ground rent (£/yr):

Service Charge (£/yr):

Homeowners insurance (£/yr):

Annual property maintenance (£/yr):

Annual
Monthly

Disclaimer

Please be aware this app is simply a tool for trying to experiment with different scenarios. I cannot guarantee that there are no bugs within the code, and nothing within this app constitutes financial advice.