Adjust the slider to the amount of deposit you have available. This calculator assumes that the minimum allowable deposit on a ‘with Help to Buy’ mortgage is 5% and the maximum allowable deposit is 30%. This calculator also assumes that the minimum deposit for a ‘without Help to Buy’ mortgage is 15%.
Mortgage interest rates are set by mortgage providers and will depend on a number of factors such as your deposit value, the value of the property and your financial circumstances. As a guide, as of September 2013 most mortgage rates are between 3% and 6%. This calculator works on the basis of a capital and interest repayment mortgage, with interest calculated monthly.
Adjust the slider to the amount you might expect to be able to repay on your mortgage each month. The results will include your other settings, including your mortgage amount, length of the mortgage term and interest rate. Note that this amount does not include the interest repayable to the Government on your Help to Buy equity loan from year 5 onwards.
Your results
Your deposit has to be a minimum of 5% for HTB. Please alter your deposit amount or monthly payments to see what you could afford.
Your deposit £15,000 / 3.8%
Help to Buy London Loan £159,943 / 40.0%
Your mortgage £224,914 / 56.2%
Homes within your budget
With Help to Buy London --
Without Help to Buy London --