Help to Buy Equity Loan Calculator

Equity Loan Calculator

Use the Help to Buy calculator below to illustrate an example of what the monthly costs when buying a property with a Help to Buy Equity Loan.




The calculator allows you to change the value of the property, mortgage interest rates & mortgage term and demonstrates what the affect your monthly outgoings will be.

Calculator Instructions

The Help to Buy Calculator provides an indicative guide to monthly costs only. The information provided should not be relied on as confirmation of affordability or as a recommendation to proceed. You should always seek advice and recommendations from an Independent Financial Adviser regarding mortgage products, affordability, interest rate, terms, conditions and method of repayment. In addition you will be required to seek independent legal advice on your purchase.

The Help to Buy calculator incorporates the following default settings to illustrate a starting point for your calculation(you can change it however):




Help to Buy Equity Loan: 5% of full price deposit required. Interest rate 5.0%.

Note:  First time house buyers may only need a deposit of as low as 5%. This is because the equity loan from the government acts as the remainder of the deposit.

For example: on a £100,000 house, a deposit of £20,000 may be needed. You would pay £5,000, and the equity loan from the government would be £15,000. Added together, this would make the full deposit

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