Mortgage life assurance calculator

protect yourself and your family

Work out how much you can afford to borrow with our mortgage life assurance calculator.

Though deals vary from lender to lender, First Mortgage’s calculator can give you a good idea of how much you will need to repay each month. We search the whole of the market for the best deals – and we won’t charge you a thing for our service. Use our mortgage life assurance calculator to find the best repayment option.

What is mortgage life assurance?

This is a type of protection that guarantees that your mortgage is paid off in full in the event of your death. Sometimes known as decreasing life assurance, the amount payable goes down over time. With many standard repayment mortgages you will not receive automatic insurance cover or payment protection. Even if it does have a policy included, you can often find better value with a separate deal. You may also want to think about term life insurance, a policy that pays out the same amount throughout the term.

Using the mortgage life assurance calculator…

Simply type in your mortgage amount and press the calculate button. Our life assurance calculator will automatically give you the monthly rates for this type of protection.

Because none of us can predict the future, taking out a life assurance policy is recommended for most people. Even if you have no dependents, you may want to consider applying. First Mortgage guarantees to find the best rates. We can also help you arrange a joint policy for couples or friends that co-own a house. Your deal will be based on age, financial circumstances and overall health.

To discuss your situation and find the best deal, call us on 0845 603 1525 to talk with one of our experienced consultants.