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How To Calculate Your Mortgage PaymentUse MoneyHelper's mortgage calculator to work out how much you can afford, your monthly repayments and the total interest you'll pay on your mortgage. A mortgage for ? repaid over 30 years will cost you ? per calendar month and cost you a total of ? This means that during the repayment. Generally, lenders will let you borrow up to 4 times your salary. For a mortgage on k, your yearly income should ideally be around ?65, or higher.
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