Mortgage Affordability Calculator

 

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    Tips on using our affordability calculator

      Mortgage and affordability details

     

    Fill out all of the mortgage details (Mortgage amount required, Purchase Price, Mortgage Term,) and the affordability details (Dependants, income, outgoings, etc.)

    Keep the following in mind when completing the application form to ensure that all the details are captured correctly:

     

    i.

    General Home Insurance Premiums - Other Properties:

    • This refers to those with multiple properties and not for your new home. If you have additional properties please input the total insurance payment for your additional properties here.
    ii. Credit card:
    • If you clear your balance in full each month then zero to be entered
    • If you do not clear your balance in full thenin put a minimum 5% of outstanding balance
    iii.

    Co-Ownership Housing rental repayment

    • Please add the Co-Ownership Housing monthly rental repayment in the relevant section under 'Credit Commitments'. 

     

     

      Press 'Calculate'

     

    This will calculate affordability based on your inputs and will let you know whether you have met our minimum criteria. The results will be either:

     

    • Affordable – based on your inputs our affordability criteria has been met. You should proceed to contact us if you want to apply
    • Not Affordable – unfortunately, based on your inputs our affordability criteria has not been met. If this amount is not affordable, give us a call and we can discuss your options

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Mortgage Affordability Calculator

Applicants Name(s)*:

Please enter applicants name(s)

About The Property
Mortgage Amount*:

Please enter a Mortgage Amount

Property Value / Purchase Price*:

Please enter a Property Value / Purchase Price

Mortgage Term*:

Please enter a mortgage term

Product Type*:
  • Please Select
  • First Trust Bank Product
Please Select
Please Select

Please select a product type

Number of Applicants*:
  • Please Select
  • 1
  • 2
Please Select
Please Select

Please select number of applicants

Financial Dependants
Applicant 1 Applicant 2
Number of Dependants*:

Applicant 1

  • Please Select
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10+
Please Select
Please Select

Please select number of Dependants

Applicant 2

  • Please Select
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10+
Please Select
Please Select

Please select number of dependants

Remuneration
Net Monthly Income (after all deductions)*:

Applicant 1

Value must be greater than zero

Applicant 2

Value must be greater than zero

Guaranteed Additional Net Monthly Income:

Applicant 1

Applicant 2

Rental Income (70% of value recorded is included in our calculation):

Applicant 1

Applicant 2

Total
Other Essential Outgoings
Childcare Costs / School Fees:
General Home Insurance Premiums - Other Properties:
Rates:
Maintenance:
Other:
Total
Credit Commitments
Credit Card:
Loans:
HP Payments:
Other Mortgages:
Co-Ownership Rental Repayment:
Total
Essential Spend 0.00
Discretionary Spend 0.00
Co-Ownership Rental Inflation 0.00
LTV 0.00
Surplus Amount 0.00
Stress Repayment Amount 0.00
Net Disposable Income 0.00
Required Surplus 0.00
Affordability Result

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

Important information

This is an illustration and not a commitment to lend. Mortgages are subject to an appraisal of the applicant's financial standing. Lending criteria, terms and conditions apply.

Should you proceed to apply for a mortgage with First Trust Bank, note that additional stress testing of your existing financial commitments will be applied as part of our affordability assessment. 

If you want to find out more information on our mortgages or want to apply, call us on 028 9082 1655 or request a callback.