Our Mortgage Affordability Calculator helps you budget buying a home, either by yourself, or sharing with Mortgage Buddies, and tests if you can still afford the all the living costs between you if the mortgage interest rates increased.
Once you have input your income, personal costs, mortgage details and property costs we will calculate how much you have spare at the end of each month.
You receive a Mortgage Affordability Rating which assesses whether you have enough spare money, or if you should try and cut back on your spending. Remember, Mortgage Lenders are now assessing how much you can afford in greater detail, testing to see if you could still afford your mortgage repayments if your mortgage interest rate increased by 3%.