Households' monthly mortgage payments will depend on the amount they borrowed and the interest rate

Monthly mortgage costs at differing amounts of borrowing and different fixed interest rate

£3,500 – monthly mortgage cost

6% interest

£3,000

4%

£2,500

2%

£2,000

£1,500

£1,000

£500

0

£100

£300

Amount borrowed in thousand

£200

£400

£500

£3,500 – monthly mortgage cost

6% interest

£3,000

4% interest

£2,500

2% interest

£2,000

£1,500

£1,000

£500

0

£100,000

£200,000

£300,000

Amount borrowed

£400,000

£500,000