Calculate the costs of a Help to Buy equity loan over time. See how the annual fees will impact your costs from year six onwards.
Your Equity Loan
£50,000.00
Your Deposit
£12,500.00
Total Fees over 25 years
£28,328.64
| Year | Annual Fee |
|---|---|
| 1 | £0.00 |
| 2 | £0.00 |
| 3 | £0.00 |
| 4 | £0.00 |
| 5 | £0.00 |
| 6 | £875.00 |
| 7 | £917.00 |
| 8 | £961.02 |
| 9 | £1,007.14 |
| 10 | £1,055.49 |
| 11 | £1,106.15 |
| 12 | £1,159.25 |
| 13 | £1,214.89 |
| 14 | £1,273.20 |
| 15 | £1,334.32 |
| 16 | £1,398.37 |
| 17 | £1,465.49 |
| 18 | £1,535.83 |
| 19 | £1,609.55 |
| 20 | £1,686.81 |
| 21 | £1,767.78 |
| 22 | £1,852.63 |
| 23 | £1,941.56 |
| 24 | £2,034.75 |
| 25 | £2,132.42 |
The Help to Buy: Equity Loan was a government scheme for first-time buyers of new-build homes. While it's closed to new applications, this Calculator Site tool is designed for existing borrowers. The government provided a loan of up to 20% of the property's value (40% in London), interest-free for the first five years. This
From year six, you start paying a monthly fee of 1.75% of the original loan amount. This fee then increases annually by the Retail Price Index (RPI) plus 1%. Our calculator models these changes to show you the future costs, which is crucial for long-term financial planning. You may also find our Mortgage Calculator useful.
Important: Repaying a Percentage, Not a Fixed Amount
When you sell your home, you repay the equity loan as a percentage of the sale price, not the original cash amount you borrowed. If you took a 20% loan and your home's value increased, you will repay 20% of that higher value. This means you could repay significantly more than you initially received.
The loan's structure was designed to make the initial purchase more affordable, but the long-term costs depend on fees and property value changes. Understanding these key figures is essential. For other property-related costs, check the Stamp Duty Calculator.
5 Years
Initial Interest-Free Period
20%
Max Loan (Outside London)
40%
Max Loan (In London)
How to use this Calculator Site tool
This tool is for existing borrowers. Input your property value, loan percentage, and
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