Buy-To-Let Mortgage and Profit Calculator

This calculator compares two kinds of Buy-To-Let mortgage and shows profit figures when the property is rented out.

The deposit required for a buy-to-let mortgage is usually higher than a standard mortgage, typically 25% although can be as high as 40%.

Interest rates and fees are generally higher.

The first mortgage plan shown is a normal annuity type plan, where an amount is paid off the mortgage as well as interest.

The mortgage interest is calculated on the outstanding mortgage balance so more is paid off the mortgage amount as the payments progress.

The other is an Interest only plan, where the interest only is paid over the duration of the mortgage, the mortgage amount becoming due at the end of the period.

The profit figures are displayed in three sections as below:

1. The first is where the figures for the mortgage period only are shown, excluding the deposit and any final payment,
2. The second mortgage plan includes the final payment in the calculations, this is relevant to the interest only plan,
3. The third mortgage plan includes the initial deposit and final payment (if relevant) to show the total mortgage cost

A breakeven figure is also displayed, this is the costs shown as a monthly amount.

Calculations can be saved to a table for comparison by clicking the "Add to table" button (table appears below the schedule comparison).

The table appears the first time the button is clicked.

Mortgage Details
Property Value		Total value of the property
Deposit Percentage %		Enter either the deposit percentage or amount
Deposit Amount
Mortgage Amount		Mortgage value after deducting the deposit
Mortgage Period		Years Months	Total length of the mortgage in Years or months (calendar months)
Annual Interest Rate %		Enter the Annual Interest Rate here
Income
Income		per	Month (calendar) Month (4 weeks) Week	Income from rental charged to tenant
Annual Income		Annual income based on rental income
Total Income		Total income based on the annual income over the mortgage period
Monthly Figures (based on calendar months)
Principal and Interest Plan		You pay the interest plus an amount off the mortgage. No large payment is due at the end of the period
Interest Only Plan		You pay the interest only. The full amount of the mortgage is due at the end of the period
Monthly Income		Monthly income based on rent received from tenant (converted to calendar month)
Mortgage Payment Summary
Payment	Plan		Comments
	Principal and Interest	Interest Only
Principal		0.00	Interest only plan does not pay any amount off the principal amount over the period
Interest			Interest is calculated on the reducing balance on the Principal and Interest plan
Final Payment	0.00		The mortgage amount is due at the end of the Interest only plan
Total excluding deposit			Total costs for everything except the initial deposit
Total including deposit			Total costs
Profit - excluding Deposit and final payment
Profit	Principal and Interest	Interest Only	Comment
Monthly			Profit per calendar month excluding deposit and final payment
Annual			Profit per annum excluding deposit and final payment
Total			Profit excluding deposit and final payment
Breakeven			Cost excluding deposit and final payment per calendar month
Profit - excluding Deposit, including final payment
Monthly			Profit per calendar month, excluding Deposit and including final payment
Annual			Profit per annum, excluding Deposit and including final payment
Total			Profit excluding Deposit and including final payment
Breakeven			Cost excluding deposit and including final payment, per calendar month
Profit - including Deposit and final payment
Monthly			Profit per calendar month, including deposit and final payment
Annual			Profit per annum, including Deposit and final payment
Total			Total Profit, including Deposit and final payment
Breakeven			Total Cost per calendar month

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