mortgage calculation

[boobesque]

hello. Imagine i have a mortgage for �135,000 with 4% annual interest.
Lets say that i can pay �700 per month into this.
for the first year i would be paying �5,400 interest (�450 per month), and the remaining �250 per month would be taking down the actual loan. are there any other charges i need to pay or is this all there is?
thanks

[bednobs]

most mortgages come withh setting up fees, or product fees plus surveyors fees etc. The mortgage company will also tell you how much the monthly fee is and depending on the product might not let you overpay. They will also charge you for various stuff like a returned direct debit, extra statement etc

[bednobs]

also, if the interest rate went up you would pay more

[Ethel]

Insurances are normally a good idea.