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Amount Borrowed: £<%response.write(session("mortgage"))%>, Term of Loan: <%response.write(session("term")/12)%> years,
Offset Interest Rate: <%response.write(session("rate")*100)%>% , Tax Rate: <%response.write(session("tax_rate"))%>%
ISA's: <%response.write(session("isa"))%>, which currently earn: <%response.write(session("isa_rate"))%>% interest p.a
Other Savings: <%response.write(session("savings"))%>, which currently earn <%response.write(session("savings_rate"))%>% interest p.a
Savings of: <%response.write(session("regular_savings"))%> pm, which currently earn <%response.write(session("regular_savings_rate"))%>% interest p.a
The red line on this graph shows what would happen to your
mortgage balance over the term of the mortgage without offsetting.
The blue line shows how the mortgage is repaid sooner when savings
are offset against the mortgage.
Click on a node in the line to see values |
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The first bar chart shows how much interest you would have saved
if you combined your savings with your mortgage.
The second bar chart shows the amount of interest you
would have earned after tax if you kept your mortgage and savings
separate.
The tallest bar shows the best position according to the data used in
the calculator
Click on a bar to see values
It is assumed that the interest rates and amounts saved do not
change over the term of the mortgage.
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