Buying a home or refinancing an existing home is a major decision. To help with this decision, we have two calculators below that can give an indication as to affordability before customer’s progress into a more detailed Agreement in Principle. An Agreement in Principle will give more specific information, and, should they choose, they may follow this with a full application for their own Home Purchase Plan as an Islamic alternative to a conventional mortgage.
How much will the customer's payments be?
It is important to consider what level of payments the customer would be comfortable making each month. With this calculator you may choose from our products and the preferred term, and based on the amount of finance required, we can estimate the monthly payments.
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How much will my payments be?
It is important to consider what level of payments you would be comfortable making each month. With this calculator you may choose from our products and your preferred term, and based on the amount of finance you require, we can estimate your monthly payments.
1: Finance Calculator - How much will my payments be?
2: Your Calculated Monthly Payments:
How much can I afford?
Now that you know what your likely monthly payments for a set amount of finance might be, you should now consider how much you can comfortably afford each month. The calculator below will give you an indication, after you have input your total net income that you receive each month, and also your total monthly financial commitments. 'Financial commitments' means any other finance products you are paying for, so include loans, store or credit card monthly payments, plus any other payments.
3: Home Purchase Plan - Financial Commitments
4: Your Calculated Monthly Payments:
Maximum estimated affordable payment: