'Your First Home' UK Government Equity Loan Calculator (Help to Buy Replacement)
Calculate your monthly mortgage repayments and Year 6 equity loan interest fees using a 5% buyer deposit and a 15%–20% (up to 40% in London) Government equity loan that is interest-free for the first 5 years.
| 'Your First Home' Component (£350k Property) | Standard UK (20% Equity Loan) | Greater London (40% Equity Loan) |
|---|---|---|
| First-Time Buyer Cash Deposit (5%) | £17,500 (5%) | £17,500 (5%) |
| Government Equity Loan (Interest-Free Yrs 1–5) | £70,000 (20%) | £140,000 (40%) |
| Main Lender Mortgage Required | £262,500 (75% LTV) | £192,500 (55% LTV) |
| Year 6 Equity Loan Interest Fee (1.75%) | £102.08 / month | £204.17 / month |