Mortgage Repayment calculator

Repayments are calculated by the size of your mortgage, the interest rate from your lender, and the term of your contract.

By entering a few key details, we can provide you with an indicative value. For a more accurate figure, you would need to speak to one of our advisers who will going through your monthly incomings and outgoings.

If you’d like some guidance on the right mortgage for you, we recommend speaking to one of our advisers.

Alternatively, see all mortgage calculators.

Your monthly repayments could be £0.00

This calculator does not constitute mortgage advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only.

Curious about how much a potential mortgage might cost you? Take the next step to explore your mortgage options by clicking the link below!

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Our calculator can help you work out how much you could borrow for your mortgage. All we need from you is a few key details.

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Stamp Duty

Stamp Duty Land Tax is a fee you will have to pay if the property you’re purchasing is £250,000 or more.  

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We play by the book. Here's what you need to know

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

Frequently asked questions

What is a mortgage repayment calculator?

A mortgage repayment calculator is a handy tool that helps you get an estimate on what your monthly mortgage payments could be. 

It works by using the mortgage amount amount, interest rate, and loan term.

By entering in different numbers, you can compare various mortgage options and understand how changes in interest rates or loan terms impact your affordability.

It's important to remember that these calculators provide estimates.  Get personalised mortgage repayments and advice from one of our expert advisers

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What are mortgage repayments made up of?

Mortgage repayments are a combination of two key parts: capital and interest.

Capital: This refers to the actual amount of money you borrow. Each repayment chips away at this borrowing amount, bringing you closer to owning your home outright.

Early on in your mortgage journey, a larger portion of your payment goes towards interest, with a smaller amount reducing the capital. As you near the end of your term, this flips, with most of your payment going towards capital repayment.

Interest: This is the fee you pay to the lender for borrowing their money. The interest rate is typically expressed as an annual percentage rate (APR), and it's applied to the remaining balance of your loan each month.

So, the more you owe, the more interest you'll accrue. Remember, interest adds up over time, so making additional payments towards your borrowed amount can significantly reduce the overall interest you pay.

It's important to note that some mortgages, like interest-only mortgages, only cover the interest portion in the monthly payments. With these types of mortgages, you'll need to have a separate plan in place to repay the original loan amount at the end of the term.

Does using the mortgage repayment calculator affect your credit score?

No, using a mortgage repayment calculator will not affect your credit score in any way. These calculators are simply tools that estimate your monthly payments based on factors like mortgage amount, interest rate, and loan term.

They don't access your credit report or leave any inquiries that lenders can see. So, feel free to play around with different scenarios and interest rates without worrying about any negative impact on your creditworthiness.

Our Mortgage Affordability calculator will search through a pool of over 50 lenders to find an estimate of your mortgage affordability. No credit checks required.

Calculate your mortgage affordability

What is the mortgage repayment on a 300k property?

Factors like the interest rate and mortgage term affect the monthly payment. Here's a typical example:

Mortgage Amount: £300,000

Interest rate: 4.75%

Term (years): 25

Your monthly payments could be £1,711

This calculator does not constitute mortgage advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only.

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