Example result based on the prefilled values.
Result
7,100.00
Continue your plan
Useful next calculations
When to use this calculator
- Before buying, renting, refinancing, or reviewing a property investment.
- When you want to compare cash flow, yield, growth, and ownership costs side by side.
- When you need a fast estimate before speaking to an agent, lender, or adviser.
- When you are assessing whether a rental property still makes financial sense after a mortgage rate change.
- When you want to compare the total cost of renting against owning over a five- or ten-year horizon.
A realistic New Zealand planning example
Use these sample inputs as a quick scenario test, then change one variable at a time to compare outcomes.
Purchase Price (£)
NZ$0.30
Closing Costs (%)
NZ$500
Legal Fees (£)
1500
Survey Fees (£)
600
After entering these figures, focus on result first and then rerun the tool with a more cautious assumption to understand the realistic range of outcomes rather than relying on a single estimate.
How to read your results
Result
Use this metric to compare scenarios side by side and understand how changes in the key inputs drive the final outcome. If the figure surprises you, isolate one variable at a time and rerun the calculation to identify which assumption is responsible.
Method & assumptionsAuthoritative sources
This calculator estimates total closing costs by combining two components: a percentage-based variable cost (entered as a proportion of the purchase price, typically used to model Stamp Duty Land Tax) and fixed costs for legal fees and a surveyor. The total closing cost is the sum of all three, and the calculator also shows the overall cost of the purchase including the property price itself.
To use the calculator accurately for a UK purchase, enter the applicable SDLT rate or effective rate as the variable cost percentage — note that SDLT is a tiered, marginal tax rather than a flat rate, so the effective rate varies by price. For England, the 3% additional-dwelling surcharge applies to buy-to-let and second homes. Legal fees should reflect a full conveyancing quote including searches, Land Registry fees, and electronic transfer charges. Survey costs depend on the type commissioned: a mortgage valuation, RICS HomeBuyer Report, or full structural survey each carry different fee levels. This calculator does not replace a formal conveyancing quote or SDLT calculation from a qualified solicitor.
Official references
Common mistakes
- !Using an assumption that is not supported by a current local quote, bill, statement or official source.
- !Treating a generic estimate as a lender, provider, payroll or tax authority decision.
- !Mixing monthly and annual inputs without converting them consistently.
- !Forgetting location-specific taxes, fees, eligibility rules or payroll deductions where they apply.
- !Testing only one scenario instead of checking how a cautious assumption changes the result.
What to do next
- Run a second scenario with a cautious assumption so you can see the downside clearly.
- Compare the result with the related calculators below before making a decision.
- Check current local rules, eligibility and provider terms before applying or committing money.
- Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.
- Use the result to prepare better questions for a lender, provider, adviser or employer rather than treating it as a final answer.
Frequently asked
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