Co-operative Bank Calculator

Co-operative Bank Calculator is the one i always use to assess repayments. Easy to use, Clear results and the comparisons are easy.

The co-operative banks mortgage calculator is very easy to use, first of all there is a facility to find out how much you can borrow (although the way it is worked out is based on a 95% mortgage), If you have more equity in your house, you may be entitled to a larger income muliple.

Before using the Mortgage calculator to work out your monthly payments, you need to select a product that your interested in, you can then use that rate to insert into the calculator.

The calculator requires you to input your property value, the amount you wish to borrow (weather it is on an intrest only or repayment basis), the term and the rate your interested in.

Once you have put all the information in it will work out the Loan to value of the property, it will tell you what your payments will be on the introductory rate (if the product is variable it may change). It also works out what you will pay on todays standered variable rate after the intro period has ended, and what your final payment will be. On top of all this it works out the total amout payable and the total interest payable. You can use the calculator to then work out how to save money by overpaying, this will then work out the interest and time that could be saved on your mortgage.