Mortgage repayment calculator
See the monthly payment on a mortgage from the price, your deposit, the rate and the term, plus the loan-to-value, the total interest and the interest-only payment for comparison. Free, no sign-up, nothing leaves your browser.
- 1Type in your own numbers
- 2The tool works it out
- 3See the answer clearly
Use the rate a lender quotes you; the starting rate is only an example. This assumes the rate stays the same for the whole term and leaves out fees.
Repayment or interest-only
On a repayment mortgage each monthly payment covers that month's interest and pays off some of the loan, so it is cleared by the end of the term. On an interest-only mortgage you pay just the interest, so the payments are lower but the whole loan is still owed at the end.
What changes the monthly payment
A bigger deposit means a smaller loan and often a better rate, because lenders price by loan-to-value. A longer term lowers the monthly payment but adds interest overall. Rates change with the central bank base rate and your circumstances, so check a lender's own figures.
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