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230,000 at Risk of Losing their Homes - Mortgage Stress GrowsUse this calculator to calculate the monthly payment of a k loan. It can be used for a car loan, mortgage, student debt, boat, motorcycle, credit cards, etc. A mortgage for ? repaid over 30 years will cost you ? per calendar month and cost you a total of ? This means that during the repayment. Using a 4x income multiple as an example, for a mortgage of ?k the applicant (or applicants) would need to earn a minimum of ?57, a year to be considered.