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How To Know How Much House You Can AffordAt the time of writing (November ), the average monthly repayments on a ?, mortgage are ? This is based on current interest rates being around 5%. The monthly payment will be $ Every month, a portion of the monthly payment will go to interest and a portion to principal. Loan Balance, , A mortgage of ?k would cost you around ? per month under current market conditions (November ). This figure is based on the monthly payments for a.