Mortgage Repayment Calculator
Ready to see what your mortgage payments could be? Just input your interest rate, mortgage amount, term length, and repayment type. Hit 'Calculate,' and we’ll show you an estimate of your monthly payments.
Interest Rate (%): Enter the annual interest rate for your mortgage. A lower rate means lower monthly payments and total interest paid.
Mortgage amount Enter the total amount you plan to borrow. This figure determines your monthly repayments and total interest costs.
Yearly mortgage term Choose the number of years you plan to repay the mortgage. Longer terms reduce monthly payments but increase total interest costs.
Mortgage term in months Add extra months if your mortgage term isn’t a whole number of years (between 1 and 11 months). This gives a more precise repayment estimate.
Repayment Type
Choose the repayment type:
Interest-Only: Pay interest monthly and repay the full loan at the end.
Repayment: Pay both interest and loan amount monthly, clearing the mortgage by the end of the term.
Your monthly repayments This is the estimated monthly payment based on your loan amount, interest rate, and mortgage term. For interest-only mortgages, this excludes principal repayment.
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Total Interest Payable: The total interest you’ll pay over the full term of the mortgage. For repayment mortgages, this includes all interest paid alongside principal repayments.
£0Get your Mortgage in Principle now
With a mortgage in principle, sellers will take you more serious.
A Mortgage in Principle (MIP) gives you a clear idea of how much you can borrow, helping you house hunt with confidence. Sellers take you more seriously, and it speeds up the mortgage process when you’re ready to buy.