buy to let

[B.Bee]

can someone please help me work out this simple matter... if i want to purchase a property and have a mortgage rate in mind, how do i calculate what my monthly interest only payment would be using the purchase price deposit usually min of 15% and remaining mortgage, does anyone know where there is a calculator on-line maybe to do this, thank you

[dzug]

Amount borrowed times interest rate divided by 100 divided by 12

eg 100000x8�100�12 if the interest rate is 8% - �666.66 a month

(no idea of real interest rates sorry if it's a ridiculous figure)

the purchase price and deposit are irrelevant to this calculation

If you are using windows there is a calculator in programs-accessories - don't even need to be online.

I think you may really be asking a different question.....

[B.Bee]

thank you for your reply thats really helpful

[les saisies]

Microsoft works