Discover how to use RBS mortgage calculators to help you work out the cost of its mortgages.
Royal Bank of Scotland (RBS) is one of the UK’s major banks operating mostly in Scotland. It offers a range of mortgages for people all over the UK.
What’s more, its website has a range of tools to help its customers calculate how much an RBS mortgage would cost them in various scenarios.
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.
“How much could you borrow” calculator
Discover how much you could borrow with an RBS mortgage by using this simple calculator. This tool can be altered depending on whether you’re a first-time buyer, remortgaging or buying a second property.
First, enter the amount you put towards the property purchase, either as a mortgage deposit or existing equity. Then, enter the value of the property you’re hoping to buy. This will reveal how much you’re looking to borrow.
Once you submit details of your income and outgoings, the calculator will estimate how much you’re potentially able to borrow from RBS.
This should only be used as an indicator, as the final decision will be based on many factors including your credit score, job security and detailed spending history.
This tool will reveal which RBS mortgages are most likely to be suitable for your needs. When you navigate to the calculator, a pop-up will ask if you’re a new or existing customer. The mortgages shown to you will differ depending on your result.
You’ll be asked for your property situation (e.g. buying your first home, moving house, remortgaging or buying a property to let). Your desired mortgage term, property value and available funds for a mortgage deposit will also be required.
A list of suitable mortgages will then appear below the calculator. The list reveals the interest rates, minimum loan to value ratio, product fees and monthly payments. You can toggle between fixed and tracker mortgages at your leisure.
Rate change calculator
This tool helps you understand how a change in interest rates could affect your monthly mortgage repayments.
You begin by filling in details of your existing mortgage, including your current mortgage balance, remaining term and current interest rate.
The calculator will then show a bar graph, detailing your current monthly payments and how these would change if the rate shifted up or down by 0.25% or 0.5%.
This calculator works with repayment mortgages and interest-only mortgages.
Mortgage overpayment calculator
Overpaying on your mortgage can significantly reduce the amount of interest you’re charged over the length of the term. This calculator shows you how much money you could save.
First, enter your remaining mortgage balance, remaining term and your current interest rate. Then, decide how much you’d like to overpay, either as regular payments or a lump sum.
A line graph will then appear showing you how quickly your mortgage balance will drop to £0. It’ll tell you how much quicker you’ll become mortgage free as well as the total amount of interest you’ll save.
You can also toggle the calculator to show you how much a lump sum overpayment could reduce your monthly mortgage payments by.
Most RBS mortgages limit the amount you can overpay by every year without facing an early repayment charge. These charges and limits aren’t considered by the calculator.