Mortgage Calculator
Calculate your monthly mortgage payment
This is a guide to how much you'd pay each month. The exact amount will depend on the type of mortgage and the lender.
Plan ahead and estimate your monthly payment now.
This is a guide to how much you'd pay each month. Adjust the sliders to change the term to the number of years you have left to pay, and increase the interest rate. The exact amount will depend on the type of mortgage and the lender.
Repayment
£0.00
Your repayments will be
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a monthYou pay off what you borrowed for the mortgage, plus the interest.
Interest Only
£0.00
Your interest only repayments will be
{{ repayments.monthlyInterestRepayment() | customCurrency:"£" }}
a month
The latest regulations mean you and your lender will need to agree a repayment plan for your mortgage. Read more
Make sure you can afford it!
If your interest rate goes up by 3% your monthly payment will be
Repayment:
£0.00
{{ repayments.monthlyRepayment(3) | customCurrency:"£" }}
Interest only:
£0.00
{{ repayments.monthlyInterestRepayment(3) | customCurrency:"£" }}
Three steps to lower your monthly payments:
- Increase your deposit Ideas to help you save money (opens in a new window)
- Find a cheaper property Consider looking in other areas
- Shop around for a better mortgage deal Use APR and total amount payable to compare the true cost of deals (opens in a new window)
Learn about LTV:
Having a bigger deposit or buying a cheaper property means the amount you need to borrow is smaller compared with the property's value. This is known as the Loan To Value ratio (LTV). With a lower LTV, you might be able to get a lower interest rate. Read more about choosing a mortgage (opens in a new window)
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