Alternatively you can to use the following table. Using the example below a £50,000 loan at an interest rate of 8% over a term of 10 years will cost £12.13 per month for every £1,000 borrowed. Therefore a £50,000 loan is calculated by multiplying 50 by £12.13. This equates to a monthly mortgage cost of £606.5 per month.
Finance Rate Table
Monthly repayments per £1000 borrowed (Repayment Loan)
| Years | Months | 6.0% | 6.5% | 7.0% | 7.5% | 8.0% | 8.5% | 9.0% | 9.5% | 10.0% | 10.5% | 11.0% |
| 5 | 60 | 19.33 | 19.57 | 19.80 | 20.04 | 20.28 | 20.52 | 20.76 | 21.00 | 21.25 | 21.49 | 21.74 |
| 8 | 96 | 13.14 | 13.39 | 13.63 | 13.88 | 14.14 | 14.39 | 14.65 | 14.91 | 15.17 | 15.44 | 15.71 |
| 10 | 120 | 11.10 | 11.35 | 11.61 | 11.87 | 12.13 | 12.40 | 12.67 | 12.94 | 13.22 | 13.49 | 13.78 |
| 12 | 144 | 9.76 | 10.02 | 10.28 | 10.55 | 10.82 | 11.10 | 11.38 | 11.66 | 11.95 | 12.24 | 12.54 |
| 15 | 180 | 8.44 | 8.71 | 8.99 | 9.27 | 9.56 | 9.85 | 10.14 | 10.44 | 10.75 | 11.05 | 11.37 |
| 20 | 240 | 7.16 | 7.46 | 7.75 | 8.06 | 8.36 | 8.68 | 9.00 | 9.32 | 9.65 | 9.98 | 10.32 |