Habito mortgage calculator

Your home may be repossessed if you do not keep up repayments on your mortgage.

Habito has a couple of useful online calculators that’ll reveal how much you could borrow for a mortgage.

Habito is a free online mortgage broker, which searches through more than 20,000 products to help you find the best deal.

The online mortgage broker was created to remove the stress of searching for the perfect mortgage. If you’re looking for a speedy, simple way to find the best mortgage deal for your needs, Habito could be a brilliant tool to use.

As part of its service, Habito includes a couple of online calculators that indicate how much you could potentially borrow with a mortgage.

More mortgage calculators

How much can I borrow?

Estimate the size of mortgage that will be available to you based on factors like your income and deposit.

How much will it cost?

Estimate your monthly repayments in seconds from your mortgage amount, interest rate and duration.

How much stamp duty will I pay?

Buying a property over £125,000? Calculate how much you will pay in stamp duty with our handy calculator.

Habito online mortgage calculator

You’ll begin by stating whether you’re looking for a new mortgage or a remortgage. Then, enter your income and how much money you have to use for a mortgage deposit.

You’ll need to choose between a fixed-rate or variable-rate mortgage, plus your choice of desired term and your initial bonus term.

The calculator will multiply your annual income by five, and suggest that this is the most you’d be able to borrow from a mortgage lender. It will then add your deposit to indicate the maximum property value you can afford.

This is a simplistic calculation. In reality, the maximum amount you’ll be able to borrow will depend on your individual circumstances and which lender you choose. However, the average mortgage applicant will be able to borrow between four and five times their annual income.

You’ll also see a list of the three cheapest mortgages on the market, based on your preferences.

If you want to apply for any of these mortgages, you can click to log in or sign up to Habito and do so. To learn more about Habito, click to see our review.

Habito buy-to-let mortgage calculator

This calculator shows how much you could borrow for a buy-to-let mortgage and what your monthly payments would be.

Use the sliders to enter the property value and the monthly rent it will earn. This will reveal the maximum amount you can borrow. Once again, it is only an estimation. You’ll also see the stamp duty bill for the property.

The calculator assumes you’ll be applying for an interest-only mortgage and will let you work out your monthly repayments on this. Just use the sliders to enter your deposit and the interest rate on your mortgage.

We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When you make major financial decisions, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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