What should I ask a mortgage calculator before using it to estimate what I could borrow and repay?

9 Sept 2026, 23:00
Q A Reader Asker

What should I ask a mortgage calculator before using it to estimate what I could borrow and repay?

A PoundWise Team Answered by

Check what the calculator includes, such as your income, outgoings, deposit, mortgage term, interest rate and whether repayments are fixed or variable. Ask whether fees, insurance, taxes and possible rate rises are included, as different calculators make different assumptions. Try several scenarios, including a larger deposit, a shorter term and higher interest rates, to see how repayments might change. The result is only an estimate, so an FCA-authorised mortgage adviser or lender would need to assess your individual circumstances before confirming affordability.

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