£62,500.00 Mortgage Comparison Calculator

Our Mortgage Comparison Calculator gives you the opportunity to compare two fixed rate mortgage plans against a mortgage of £62,500.00.

While using the calculator you are able to change the value of the mortgage (by default this would be set to £62,500.00 for illustration purposes), you are also able to change the value of the annual interest rate of the mortgage, and the number of months for several plans in the boxes below. This provides you with the opportunity to see different mortgage costs, the amounts paid, and how much you would repay monthly on your mortgage of £62,500.00

The monthly payments, as well as the total interest and the total amounts of the plan are calculated with this calculator. The results are shown in a table to display each plan efficiently and show what the payment schedule would be for each plan.

Mortgage Comparison Calculator

years

Details of Mortgage
# Amt Interest Rate (%) Mortgage Term (mths) Mthly Pmt. Tot Int. Paid Tot Pmts
1 1179 8264 70764
2 1237 11750 74250

The number of decimal places is set at 0 by default, but can be changed.

Comparison Summary
Mortgage #1Mortgage #2Diff.
Principal6250062500No diff.
Annual Interest Rate (%)572
Term (months)6060No diff.
Monthly Payment1179123858
Total Interest8267117543487
Total Payments70767742543487
Monthly Mortgage Payment Comparison Table
#Mortgage #1Mortgage #2
Prin.Int.Bal.Prin.Int.Bal.
19192606158187236561628
29222576065987835960750
39262535973388335459867
49302495880388834958980
59342455786989334458087
69382415693189833957189
79422375598990333456285
89462335504390932855376
99502295409491432354463
109542255314091931853543
119582215218292531252619
129622175122193030751689
139662135025593530250753
149702094928694129649812
159742054831294629148866
169782014733495228547914
179821974635395827946956
189861934536796327445993
199901894437796926845024
209941854338397426344050
219981814238498025743070
2210021774138298625142084
2310071724037599224541093
2410111683936599724040095
25101516438350100323439092
26101916037330100922838083
27102315636307101522237069
28102815135279102121636048
29103214734247102721035021
30103614333211103320433988
31104113832170103919832950
32104513431125104519231905
33104913030076105118630854
34105412529022105718029797
35105812127964106317428734
36106211726902106916827664
37106711225835107616126589
38107110824764108215525507
39107610323688108814924419
4010809922607109514223324
4110859421523110113622223
4210899020433110713021116
4310948519339111412320002
4410988118241112011718882
4511037617138112711017755
4611087116030113310416621
471112671491811409715481
481117621380111479014335
491121581268011538413181
501126531155411607712021
511131481042311677010854
5211364392871174639680
5311403981471181568500
5411453470021187507313
5511502958521194436118
5611552446981201364917
5711592035381208293709
5811641523741215222493
5911691012051222151271
60120550127170
  • Principal Column (Prin.): Displays the amount of the mortgage that is paid off.
  • Interest Column (Int.): Displays the interest that has been paid against the outstanding balance of the mortgage.
  • Balance Column (Bal.): Displays the remaining principal balance due after each month.

Rating: 2.2/5 (10 votes)