Capital & Interest Mortgage: Monthly payments go towards reducing the capital and covers the interest charged i.e. a 'repayment mortgage'
Interesy Only Mortgage: You are only paying 'interest' on the loan a separtate arrangement has to be made to pay the capital at end othe term of the loan term
Note: This calculator is not a confirmed quote. Its purpose is for budgeting only. A valid quote will depend on your specific needs and circumstances.
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