Monthly mortgage repayment calculator
What could your mortgage cost each month? Try a loan amount, rate and term, then see the monthly payment and total interest side by side.
An illustration only — not a mortgage offer, affordability check or live-rate quote.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Before you use the figures
Using this calculator does not constitute mortgage advice. Actual payments depend on your mortgage product, fees, payment dates and circumstances. An affordable-looking payment does not confirm a lender will accept an application.
Understanding your mortgage repayments
How much would my monthly mortgage payment be?
It depends on the amount you borrow, the interest rate and how long you take to repay it. Enter those three figures for a capital-and-interest repayment estimate. The calculator assumes the same rate throughout the term and excludes fees; it is not a mortgage offer or an affordability assessment.
What interest rate should I use?
Use the rate on a mortgage illustration or your existing mortgage statement, or enter a hypothetical rate to explore a scenario. This calculator does not show live rates or confirm which products you qualify for. The example in the input is not a mortgage offer.
Does this include fees and other buying costs?
No. It estimates repayments and interest on the loan amount entered, not legal fees, surveys, moving costs or separate mortgage fees. If a fee is added to your mortgage, include it in the loan amount; you would also pay interest on that fee. Your deposit is not part of the mortgage amount.
Does a longer mortgage term make it cheaper?
For the same loan amount and a constant positive interest rate, a longer term lowers the monthly payment but increases the total interest paid. A lower monthly payment is not the same as a lower overall cost. The term available to you depends on the lender and your circumstances.
Is the mortgage term the same as the fixed-rate period?
No. The mortgage term is the time over which you repay the loan. The fixed-rate period is only the time a particular interest rate is fixed. Payments may change when that deal ends. The totals here assume the rate you enter lasts for the whole mortgage term, which is not a prediction of future rates.
Put the payment in context
I'm based in Alsager and help buyers and homeowners across Cheshire. If you want to understand what the estimate means for you, we can talk it through.
Talk through your figures with Rob