Buy-To-Let Mortgage and Profit Calculator
Our Buy-To-Let mortgage calculator allows you to compare to different types of Buy-To-Let mortgage and displays your profit figures once the property has been rented out.
The deposit for a Buy-To-Let mortgage is normally above the standard mortgage deposit and can be as high as 40%. Interest rates and fees are also normally above the standard rates.
The first mortgage plan you will see is a normal annuity plan, which is when a certain amount is paid off from the mortgage on top of interest.
The interest on the mortgage is calculated from the outstanding mortgage balance. This way, more money is paid off from the mortgage amount as well as the payments progression.
The alternate plan is an interest only plan, which is when the interest is paid across the life of the mortgage with the mortgage amount due at the end of the period.
The profit figures are shown in three separate sections below:
- The first section excludes the deposit and final payment and shows where the figures for the mortgage period are.
- The second section includes the mortgage plan including the final payment, which is relevant to only the interest plan.
- The first section includes the mortgage plan and includes the initial deposit and final payment costs, which provides you with the total mortgage cost.
A breakeven figure is displayed too, which shows you the costs as a monthly amount. You can save calculations to a table for future comparison by simply clicking on the "Add to table" button. The table will be shown below the schedule comparison.