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Est. Monthly Repayment
Term
Repayment Mortgage
25 Years
£1,247
Per month, Estimated
Loan amount
£220,000
Interest rate
4.6%
Total repayable
£374,100
Enter your loan amount, interest rate, and mortgage term below. We'll show you an estimated monthly payment in moments, no sign-up, no obligation. Use it as your starting point, then let one of our advisors help you find a deal that matches these numbers.
This calculator provides an estimate for a capital repayment mortgage and does not account for product fees, your credit history, or other lending criteria. Your home may be repossessed if you do not keep up repayments on your mortgage.
Once you've got your estimate, it helps to understand what's shaping it. Here's what to keep in mind.
Capital vs. interest
What makes up your payment
Most repayments cover two things: the capital you’ve borrowed and the interest charged for borrowing it. On a repayment mortgage, each payment chips away at both, so the loan is cleared by the end of the term. On interest-only, you cover just the interest, with the capital repaid separately.
Rate & term
Why they matter so much
A small change in rate can noticeably shift your monthly outgoings, especially on larger loans. Stretching your term lowers monthly payments but increases the total interest paid. There’s no single right answer, it depends on your income and comfort level.
Fixed, tracker or variable
The type of rate you choose
A fixed rate keeps payments the same for an agreed period, making budgeting simple. A tracker or variable rate moves with the Bank of England base rate, meaning payments can rise or fall. It comes down to how much certainty you want.
A starting point
Remember, this is an estimate
Our calculator gives a useful figure, but it doesn’t account for your credit history, existing commitments, or product fees. For a repayment figure based on your real circumstances and the whole market, that’s where we come in.
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How accurate is a mortgage payment calculator?
It gives you a solid estimate based on the loan amount, rate, and term you enter. It's a great way to get a feel for what's affordable, but your actual repayment will depend on the specific product you choose, any fees attached, and your circumstances as assessed by a lender.
