How much is your monthly mortgage payment?

[brokenthings]

I'm just very intrigued! Mine is £800 a month.

£238

@garden4569

www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/

the above is a brilliant calc for showing how you can chip years off your mortgage via overpayments. I became obsessed with above calc and reducing the debt

Wow that's so good.

I could cry reading the figures on here. So low! We pay £1350 for a 2 bed house and so can't afford to save for a deposit.

£850, and have just added a regular overpayment on top (based on previous advise of mn)

£65

530, though it depends on house, area and income, so that doesn't help anyone

Zero - we’ve never had a mortgage . Built our own house over a few years .

£1350

£680 22% of take home. 25 years left

£750 but we are at the start of our mortgage.

£128

£1000 which is 11% of our take home pay. As soon as we're not shelling out £3000 a month on nursery fees then we're planning on taking out a much much bigger mortgage though- will probably be more like £3000-£4000 (although I would like to be working full time again by then and DH's salary should have gone up by a fair chunk too).

£460 but we pay £500. It's a tiny bit but every little helps!

Ours is £430. I am astounded at the cost of some people's mortgages - more than I earn!

£1744 a month but that is for 2 properties. Have 18 years left

£250.
Remortgaged 2 years ago. We are not in a hurry to pay mortgage off. DH will be 85 when mortgage is paid. If we're gone we're gone. There should be enough equity to pay of any outstanding amount.

I'm intrigued the 4000 a month posters,how big must the house be!!
My 3K house is a bog standard 3 bedroom. But out mortgage was for 15 years, not 35, so it will be paid off very soon.

Lots of this thread saying their mortgage is a very low % of their income. You can remortgage to a short term and almost certainly save money by doing so.

Or, you can overpay by more than 100% of the monthly payment (as we do), and retain flexibility to drop payments should we need.

@Wickstead

Lots of this thread saying their mortgage is a very low % of their income. You can remortgage to a short term and almost certainly save money by doing so.

Or, you can overpay by more than 100% of the monthly payment (as we do), and retain flexibility to drop payments should we need.

This is what we choose to do. We wanted the flexibility of a small monthly payment, but also quite keen so pay it off before the 30 years we'd started with! Overpaying when we can saves money and it isn't something we have to do when money might become tight.

£1529 per month. That’s about 30% if my take home pay.

Most people haven’t put what % of their income goes on their mortgage. The % is needed more than a actual figure. Paid mine off but when we took it out if was 15% of our income. We had one where we could overpay without penalty.

£520. We bought our house for £165k just over 4 years ago. We didn't want to overstretch ourselves because we knew we wanted a child and would therefore have childcare costs. We get our 30 hours free in January so childcare will be a lot less. Therefore we're planning to move to a better area next year. We expect new mortgage payment to be around the £900 mark.

4093 per month. It’s about 30-35% of our joint take home pay.

£2100, about 30% of our take home pay, we’re in year 1 of 25. Standard three bed house in the Home Counties.