Calculating your annual mortgage costs only?
Big mistake!

You have planned your dream-home and your financier has demonstrated to you an annuity for a mortgage you think you can afford. Your financial advisor considers your personal finances based on present circumstances and gives you a figure , your minimum mortgage. He believes you can afford the repayment schedule.

However your plan may be flawed. Nowadays you would be wise to consider projected energy costs alongside your annuity . What is the point of living in your dream home if you are under the constant threat of fuel poverty?

Moreover why not future proof yourself and your home against soaring energy costs by taking out a comfort mortgage.

A comfort mortgage means you have an initial investment incorporated into your mortgage to cover the cost of introducing energy efficient improvements into the fabric of the building. Improvements such as super insulating the shell, Mechanical Ventilation Heat Recovery,Solar Panels and renewable energy sources are all measures guaranteed to assure your future comfort.

It is recommended that you consider the annuity of your mortgage combined with prospective energy costs to decide if you really can afford the initial investment for energy efficiency or indeed if you can afford NOT to invest in it!

What is the true-cost-mortgage? Compare the examples below by filling in your own figures:

minimum-mortgage:
amount with no upgrades included £ annual energy-costs for house
with minimum-standard
£ p.a.
comfort mortgage:
amount with energy upgrades included £ estimated saving on
energy costs
%

interest rate % p.a. estimated rate of inflation
for energy
% p.a.
Initial repayment rate % p.a.

The annuity for your comfort home in the first year is only £350 higher.
On a monthly base: £29.17
.
In year 9 your monthly rate starts to drop!

Your savings for the comfort-house: 47,357.59

Your payments during this termfor the minimum-housefor the comfort-home
interest164,426.27180,868.90
energy255,200.88191,400.66
Sum419,627.15372,269.56






The term of this mortgage is 34 years

YearMinimum-mortgageComfort-mortgageMinimum-mortgageComfort-mortgageSavings /
Expenses
debtinterestrepaymentdebtinterestrepaymentenergy-costannuityenergy-costannuity
1200,000.008,000.003,000.00220,000.008,800.003,300.003,000.0014,000.002,250.0014,350.00350.00
2197,000.007,880.003,120.00216,700.008,668.003,432.003,150.0014,150.002,362.5014,462.50312.50
3193,880.007,755.203,244.80213,268.008,530.723,569.283,307.5014,307.502,480.6314,580.63273.13
4190,635.207,625.413,374.59209,698.728,387.953,712.053,472.8814,472.882,604.6614,704.66231.78
5187,260.617,490.423,509.58205,986.678,239.473,860.533,646.5214,646.522,734.8914,834.89188.37
6183,751.037,350.043,649.96202,126.148,085.054,014.953,828.8414,828.842,871.6314,971.63142.79
7180,101.077,204.043,795.96198,111.187,924.454,175.554,020.2915,020.293,015.2215,115.2294.93
8176,305.127,052.203,947.80193,935.637,757.434,342.574,221.3015,221.303,165.9815,265.9844.67
9172,357.326,894.294,105.71189,593.057,583.724,516.284,432.3715,432.373,324.2715,424.278.09
10168,251.616,730.064,269.94185,076.787,403.074,696.934,653.9815,653.983,490.4915,590.4963.50
11163,981.686,559.274,440.73180,379.857,215.194,884.814,886.6815,886.683,665.0115,765.01121.67
12159,540.956,381.644,618.36175,495.047,019.805,080.205,131.0216,131.023,848.2615,948.26182.75
13154,922.586,196.904,803.10170,414.846,816.595,283.415,387.5716,387.574,040.6816,140.68246.89
14150,119.496,004.784,995.22165,131.446,605.265,494.745,656.9516,656.954,242.7116,342.71314.24
15145,124.275,804.975,195.03159,636.696,385.475,714.535,939.7916,939.794,454.8516,554.85384.95
16139,929.245,597.175,402.83153,922.166,156.895,943.116,236.7817,236.784,677.5916,777.59459.20
17134,526.415,381.065,618.94147,979.055,919.166,180.846,548.6217,548.624,911.4717,011.47537.16
18128,907.465,156.305,843.70141,798.215,671.936,428.076,876.0517,876.055,157.0417,257.04619.01
19123,063.764,922.556,077.45135,370.145,414.816,685.197,219.8618,219.865,414.8917,514.89704.96
20116,986.314,679.456,320.55128,684.945,147.406,952.607,580.8518,580.855,685.6417,785.64795.21
21110,665.764,426.636,573.37121,732.344,869.297,230.717,959.8918,959.895,969.9218,069.92889.97
22104,092.394,163.706,836.30114,501.634,580.077,519.938,357.8919,357.896,268.4218,368.42989.47
2397,256.093,890.247,109.76106,981.704,279.277,820.738,775.7819,775.786,581.8418,681.841,093.95
2490,146.333,605.857,394.1599,160.973,966.448,133.569,214.5720,214.576,910.9319,010.931,203.64
2582,752.193,310.097,689.9191,027.413,641.108,458.909,675.3020,675.307,256.4719,356.471,318.82
2675,062.283,002.497,997.5182,568.503,302.748,797.2610,159.0621,159.067,619.3019,719.301,439.77
2767,064.772,682.598,317.4173,771.242,950.859,149.1510,667.0221,667.028,000.2620,100.261,566.75
2858,747.362,349.898,650.1164,622.092,584.889,515.1211,200.3722,200.378,400.2820,500.281,700.09
2950,097.252,003.898,996.1155,106.982,204.289,895.7211,760.3922,760.398,820.2920,920.291,840.10
3041,101.141,644.059,355.9545,211.261,808.4510,291.5512,348.4123,348.419,261.3121,361.311,987.10
3131,745.191,269.819,730.1934,919.711,396.7910,703.2112,965.8323,965.839,724.3721,824.372,141.46
3222,014.99880.6010,119.4024,216.49968.6611,131.3413,614.1224,614.1210,210.5922,310.592,303.53
3311,895.59475.8210,524.1813,085.15523.4111,576.5914,294.8225,294.8210,721.1222,821.122,473.71
341,371.4254.861,371.421,508.5660.341,508.5615,009.5716,435.8411,257.1712,826.083,609.76



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