Calculate Your Mortgage Repayments
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
4.07%
4.07%
4.07%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.
Loan Amount
€200,000
Rate of interest - APR
4.07%
Loan Term
20 years
Total interest
€90,879
Montly Repayment
€1,212
Total Cost of Credit
€290,879
Mortgage Information and Criteria
We have a handy checklist to help you ensure that you have all the supporting documentation you will need for each applicant
Download Checklist- You must be a member of Westport Credit Union before submitting a mortgage application.
- Mortgage is for Principle Private Residence (Family Home) only; we do not provide mortgages for investment/rental properties.
- Minimum mortgage amount is €80,000; Maximum mortgage amount is €450,000. Terms & Conditions apply.
- Maximum mortgage term is 35 years; however, mortgage term cannot exceed member’s 70th Birthday.
- Maximum LTV ratio is 90% for first time buyers, therefore minimum deposit of 10% of the property purchase price is required. Member must also have enough funds to cover Stamp Duty & Solicitor’s Fees.
- At least one applicant must be permanently employed and have passed the required probation period, or be self-employed for a minimum of 3 years.
- You must have a demonstrated repayment capacity. This can be demonstrated through savings history, recently cleared lending facilities or rent payment history.
- Underwriting is determined by an assessment of ability to repay & previous credit history.
- Mortgage Protection life assurance will be required.
Fair Mortgage Insurance
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Westport Credit Union is regulated by the Central Bank of Ireland.
Loans are subject to approval. Terms and Conditions apply.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
