Part and Part Mortgage Calculator

How it works: Your mortgage is split into two portions. The repayment part works like a standard mortgage - you pay both capital and interest, and this portion is fully paid off by the end of the term. The interest-only part means you only pay the interest each month, so the original balance remains at the end.

Repayment calculation: We use the standard amortisation formula for the repayment portion. For the interest-only portion, the monthly payment is simply the balance multiplied by the annual rate, divided by 12.

Repayment vehicle: At the end of the mortgage term, you'll still owe the interest-only balance in full. You'll need a plan to repay this - common strategies include savings, investments, downsizing, or remortgaging.

These figures are estimates based on the details you've provided. Actual rates and payments will depend on your personal circumstances and lender criteria.