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Mortgage Value & Repayments
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Property Value222,222
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LTV90%
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Principal200,000
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Down Payment22,222
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Stamp Duty2,222
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Mortgage Cashback Offer0
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Mortgage Terms
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Fixed Interest Rate3.00%
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Variable Rate3.00%
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Fixed Term Length0
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Years35
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Repayments
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Fixed Monthly Repayment769.70
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Variable Monthly Repayment769.70
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Initial Costs
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Down Payment22,222
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Stamp Duty2,222
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Solicitor2,500
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Engineer500
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Initial Costs w/o Down Payment5,222
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Initial costs27,444
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Gains/Offers0
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Net Initial Costs27,444
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Extra Payment, Total Time, and Total Cost
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Extra annual payment start year1
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Annual extra payment5,000
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Actual length of mortgage19 years
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Total interest62,025
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Total repayments262,025
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Total cost of house289,469
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