Help to Buy and You
Compare your options
Without Help to Buy £410,000
With Help to Buy £398,293
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 June 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.
Without Help to Buy £410,000
With Help to Buy £398,293