Free tool
Mortgage calculator
Work out an estimated monthly payment before you speak to anyone. Change the loan amount, interest rate and term, and switch between repayment and interest-only to see the difference.
Estimated monthly payment
£1,389.58
- Total interest
- £166,874
- Total repaid
- £416,874
This is an illustration only, based on the figures you enter and a constant interest rate. It is not a mortgage offer or advice. Your actual payments will depend on the lender, product and your circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage.
How to read the results
A repayment mortgage pays off both the interest and the loan itself, so the balance reduces to zero by the end of the term. An interest-only mortgage has lower monthly payments because you are only paying the interest — the original loan amount still has to be repaid at the end, and lenders will want to see a credible plan for doing that.
The figures here are an illustration based on a constant interest rate. They are not advice or a mortgage offer, and they do not include lender fees, valuation fees or insurance.
Your home may be repossessed if you do not keep up repayments on your mortgage.
We may charge a fee for certain services. The exact amount will depend on your circumstances. We will also receive commission from the lender.
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