This Help to Buy calculator estimates the deposit, government equity loan and mortgage amount for a property purchase using the former Help to Buy: Equity Loan model in England. Enter a property price, assumed equity loan percentage, mortgage interest rate and repayment term to estimate your borrowing and monthly mortgage payment.
Important: England’s Help to Buy: Equity Loan scheme is closed to new applications. This calculator is for understanding the former scheme or reviewing historical figures; it does not indicate that government funding is currently available.
How the Help to Buy Calculator Works
Enter the property price and choose the equity loan percentage used in the calculator: 20% for the standard option or 40% for London. The tool assumes a 5% deposit and calculates the remaining amount as your mortgage. It then estimates the monthly principal-and-interest payment using the interest rate and mortgage term you enter.
These percentages reflect the simplified model in this calculator, not a current offer or confirmation of eligibility. The former scheme had specific property, buyer and regional requirements.
What Your Results Mean
Deposit: The calculator assumes you contribute 5% of the property’s purchase price upfront.
Government equity loan: This is the assumed share of the property price represented by the selected percentage. Under the former scheme, the equity loan was linked to the property’s value, so the amount repayable could change with the property’s value.
Mortgage required: This is the purchase price minus the assumed deposit and equity loan. It represents the amount financed by a mortgage in this simplified estimate.
Monthly mortgage payment: This is an estimate of the mortgage’s principal and interest based on your chosen rate and term. It is not the total cost of owning the property or repaying an equity loan.
What This Estimate Does Not Include
The calculator does not include mortgage arrangement fees, legal costs, valuation fees, stamp duty, service charges or other buying expenses. It also does not calculate equity-loan interest, fees or repayment amounts, and it assumes the mortgage interest rate remains unchanged throughout the selected term.
Your actual mortgage payment will depend on the lender’s offer, loan conditions and repayment structure. If you are assessing a property purchase today, use the result only as a basic illustration rather than a current Help to Buy funding estimate.
Explore Other UK Mortgage Calculators
If you are planning to buy a home now, use our UK mortgage calculator to estimate repayments based on your deposit, loan amount, interest rate and term. Our UK mortgage affordability calculator can help you explore a potential borrowing budget, while the UK Stamp Duty calculator can help estimate property transaction tax where applicable.
These tools provide estimates only. Check current government guidance and speak with a qualified mortgage adviser or lender before making financial decisions.
Disclaimer: This calculator provides estimates for informational and educational purposes only, not financial, tax, legal, or professional advice. Results are based on the information entered and may differ from actual costs, payments, rates, fees, or eligibility. Verify details with the relevant lender, financial professional, or official source before making financial decisions.
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Disclaimer
MortgageRatesChecker provides educational mortgage calculators, loan tools, and financial guides designed to help you better understand home financing. Our content is researched, fact-checked, and regularly updated in accordance with our Editorial Policy, using trusted information from our Data Sources and transparent methodologies explained in How We Calculate. Learn more about our commitment to accuracy on Why Trust Us. This content is provided for informational purposes only and should not be considered financial, legal, tax, investment, or mortgage advice. Mortgage rates, lending requirements, loan programs, and regulations may change without notice. Before making any borrowing, refinancing, or home-buying decision, consult your Bank or Mortgage Lender, licensed financial advisor, tax professional, or attorney based on your individual circumstances. MortgageRatesChecker is an independent educational resource and is not a lender, mortgage broker, financial advisor, or government agency. Please review our Affiliate Disclosure, Advertiser Disclosure, Disclaimer, and Terms & Conditions for additional information.
