Mortgage interest rates calculator - what will happen if rates change?
If you are about to, or have just purchased a property you may be wondering what effect a change in interest rate could have on your mortgage. Whilst interest rates are notoriously difficult to forecast, it can be useful to understand what would happen to your payments if rates do change in the future.
We might not be able to definitively say when interest rates will fall or rise, but we can give you an accurate figure as to what a change would do to your monthly mortgage payments. This calculator will help you work out how changes in interest rates affect your monthly mortgage payments and what impact it would have on your finances. This is especially relevant if you have or are thinking about taking out a variable rate mortgage.
What will happen if interest rates rise or fall?
Enter the values above to calculate how your mortgage payments will change if rates rise or fall