Mortgage-Loan-Calculator.co.ukFree Quote
 

  Click On Above Link For Quotes



Debt Problems

Try our new
Quick Quote Form
and let us find a lender for you to help consolidate and manage your existing debts.With a debt consolidation loan you can combine all your outstanding loans into a simpler lower monthly repayment loan.

 

 

 uk Loan Comparison Calculator 

Use our uk loan comparison calculator below to compare many loans using different variables such as the monthly payment you can afford and the period over which you wish to pay the loan. Uk loans come in many forms such as unsecured loans, secured loans for homeowners and tenant loans. Once you have used our comparison calculator, we offer you the chance to get a free quote in the UK for all the above loans. Please click on the link below to get a no obligation application for all your loan needs..

 

Loan Comparison Calculator

TITLE_MESSAGE

MSG_LOANBEST_LOAN_BY_APR provides the lowest Annual Percentage Rate at BEST_LOAN_APR. The lowest monthly payment is provided by MSG_LOANBEST_LOAN_BY_PAYMENT at BEST_LOAN_PAYMENT per month.

Results Summary
 
MSG_LOAN1
MSG_LOAN2
MSG_LOAN3
Loan amount LOAN_AMOUNT0 LOAN_AMOUNT1 LOAN_AMOUNT2
Loan term LOAN_TERM0 LOAN_TERM1 LOAN_TERM2
Monthly loan payment MONTHLY_LOAN_PAYMENT0 MONTHLY_LOAN_PAYMENT1 MONTHLY_LOAN_PAYMENT2
Annual percentage rate (APR) ANNUAL_PERCENTAGE_RATE0 ANNUAL_PERCENTAGE_RATE1 ANNUAL_PERCENTAGE_RATE2

Your input values
 
MSG_LOAN1
MSG_LOAN2
MSG_LOAN3
Loan amount LOAN_AMOUNT0 LOAN_AMOUNT1 LOAN_AMOUNT2
Interest rate INTEREST_RATE0 INTEREST_RATE1 INTEREST_RATE2
Loan term LOAN_TERM0 LOAN_TERM1 LOAN_TERM2
Amortization AMORTIZATION0 AMORTIZATION1 AMORTIZATION2
Origination fee ORIGINATION_FEE0 ORIGINATION_FEE1 ORIGINATION_FEE2
Commitment fee COMMITMENT_FEE0 COMMITMENT_FEE1 COMMITMENT_FEE2
Other fees OTHER_FEES0 OTHER_FEES1 OTHER_FEES2
Other costs OTHER_COSTS0 OTHER_COSTS1 OTHER_COSTS2
Total closing costs CLOSING_COSTS0 CLOSING_COSTS1 CLOSING_COSTS2
Balloon payment BALLOON_PAYMENT0 BALLOON_PAYMENT1 BALLOON_PAYMENT2


Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



" >This Financial Calculator requires a Browser with Java Support

Definitions

Loan amount
The total dollar amount for this loan.

Interest rate
The interest rate on this loan.

Loan term
The number of years over which you will repay this loan. The most common terms are 15 years and 30 years. If this loan has a "balloon" payment, the loan term will be shorter than the number of years to amortize the loan. For example, a loan with a 5-year term amortized over 30 years will have the same monthly payment as a 30-year loan with the same interest rate. The difference is the 30-year loan will have equal payments for 30 years. The 5-year loan will have equal payments for 5 years and then a very large, or balloon, payment for the remaining balance.

Amortization
The number of years used in calculating the monthly payment. Loans that are amortized over a longer period than their loan term have a balloon payment. See "Loan term" for more information.

Origination fee
The dollar amount charged as a loan origination fee, which is included in the Annual Percentage Rate (APR) calculation. For many loans a 1% origination fee is common. For example: a 1% fee on a $120,000 loan would cost $1,200.

Commitment fee
An upfront fee included in the APR calculation.

Other fees
Fees included in the APR calculation. These fees can vary by lender but, at a minimum, usually includes prepaid interest.

Other costs
Any other costs that should be included in the APR calculation.

Monthly loan payment
Monthly principal and interest payment (PI).

Annual percentage rate (APR)
A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example: a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate and very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.

Balloon payment
This is the total final payment for all loans that are amortized over a period of time longer than the loan term. The balloon payment is total interest and principal balance due at the end of the loan term. (If the loan term is the same as the amortization, this amount is always zero.)


Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.