Mortgage On 300K

 · We have 2 kids, and i would like to be mortgage free before i’m 50 (31 at the mo). After years of renting due to a rather nomadic job (which i no longer do) we are now settled in a town and looking to buy a house at £300k on a 15 year mortgage of £2600 per month (and using fixed rate deals).

This calculates the monthly payment of a $300k mortgage based on the amount of the loan, interest rate, and the loan length. It assumes a fixed rate mortgage, rather than variable, balloon, or ARM. Subtract your down payment to find the loan amount. Many lenders estimate the most expensive home that a person can afford as 28% of one’s income.

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