Our mortgage repayment calculator gives you a good idea of what your monthly mortgage payments might be based on the interest rate chosen.
Enter the amount of mortgage needed, the interest rate and select one of the repayment types to find out how much you will have to pay back each month.
You can then see how much mortgage you can afford.
Please remember that this is not an accurate quotation and figures must be used as a guide only. Your mortgage broker will be able to provide you with a personalised illustration.
If you’re looking to buy a home in the UK, our mortgage repayment calculator can help you budget for your monthly repayments. Simply enter the amount you want to borrow, the interest rate and the term of the loan, and we’ll instantly calculate your estimated monthly repayments.
The calculators gives a quick indication of monthly repayments for different repayment methods, so you can compare different options. The main options would be repayment or interest-only. It’s important to remember that the actual amount you’ll pay each month is likely to be be different, according to your personal circumstances.
Remember that lenders use lots of mortgage affordability checks and tests when they process your application. These could include a mortgage payment stress test and debt to income ratio test.
The payment figures do not include life insurance, property insurances or any repayment plans.
To get a more accurate idea of what you could pay each month, speak to a whole of market mortgage adviser.
They will be able to give you tailored repayment figures, based on your individual circumstances.
Where to now?
Brokers
What exactly is a whole of market mortgage broker?
Mortgages
What are the different types of mortgage you can apply for?
Calculators
We have other calculators that can help with stamp duty and loan to value.
