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What Will My Repayment Be?

Understanding your monthly mortgage repayments is a vital step in planning your property purchase. Our Mortgage Repayment Calculator provides you with estimates for both repayment and interest-only mortgages, helping you make informed decisions about your finances.

Mortgage Repayment Calculator

Mortgage Repayment Calculator

Calculate your monthly mortgage payments and see the complete breakdown

Mortgage Details

£
£50k £500k £1M
%
0.5% 8% 15%
Years
Months
£
£0 £5k £10k

Mortgage Information

This calculator shows your monthly payments and total mortgage costs. Use the sliders or type directly into the fields to see how changes affect your payments.

Repayment Breakdown

Monthly Payment
£1,389
Your regular monthly mortgage payment
Total Interest
£166,700
Interest paid over the mortgage term
Arrangement Fee
£999
Fixed fee paid upfront
Total to Pay
£417,699
Complete cost including all fees

Cost Breakdown

Component Amount Percentage
Principal (Loan Amount) £250,000 59.9%
Interest Payments £166,700 39.9%
Arrangement Fee £999 0.2%
Total Cost £417,699 100%
Mortgage Summary
Your monthly repayment will be £1,389 over 25 years. In total, you'll pay £417,699 for your £250,000 loan, including £166,700 in interest and £999 in fees. This represents an additional 66.7% on top of the original loan amount.
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Mortgage Repayment Calculator

Use the calculator below to input your mortgage details and instantly see your estimated monthly payments for both repayment and interest-only options.

Evaluate Profitability

Understand if your property is a worth while investment.

Compare Properties

Make side-by-side comparisons of potential opportunities

Plan Ahead

Use insights to forecast future returns and build a winning portfolio.

How Does the Mortgage Repayment Calculator Work?

Our calculator provides accurate estimates based on:

  • Loan Amount: The total amount you intend to borrow.
  • Interest Rate: The annual interest rate offered by your lender.
  • Loan Term: The duration of your mortgage in years (e.g., 15, 20, or 25 years).
After entering these details, the calculator displays:
  • Monthly Payment (Repayment Mortgage): Includes both interest and principal repayment.
  • Monthly Payment (Interest-Only Mortgage): Covers only the interest, with the loan balance remaining unchanged.

Why Provide Both Figures?

Comprehensive Comparison

Seeing figures for both repayment and interest-only options helps you understand the financial impact of each.

Flexible Decision-Making

Whether you’re looking for lower monthly payments or a plan to fully repay your loan, having both figures makes it easier to choose the right approach.

  • Scenario 1: Repayment Mortgage
  • Loan Amount: £200,000
  • Interest Rate: 3.5%
  • Term: 25 years
  • Monthly Payment: £1,002
  • Total Repayable: £300,705
  • Scenario 2: Interest-Only Mortgage
  • Loan Amount: £200,000
  • Interest Rate: 3.5%
  • Term: 25 years
  • Monthly Payment: £583
  • Total Interest Paid: £175,000
  • Loan Balance Remaining at End of Term: £200,000

Why Use a Mortgage Repayment Calculator?

  • Plan Your Budget
  • Knowing your estimated monthly payments helps you plan your finances effectively.
  • Compare Scenarios
  • Understand the difference between repayment and interest-only options to see which aligns better with your goals.
  • Make Informed Decisions
  • Our calculator provides clarity, ensuring you have all the information you need before committing to a mortgage.

Factors That Affect Mortgage Repayments

Our calculator provides accurate estimates based on:

  • Loan Amount: Larger loans result in higher monthly payments.
  • Interest Rate: TSmall changes in interest rates can significantly impact your payments.
  • Loan Term: A longer term reduces monthly payments but increases total interest paid.

Frequently Asked Questions

Does the calculator include fees?
No, the calculator focuses on monthly payments and total repayable based on loan amount, interest rate, and term. Additional fees, such as arrangement fees, should be considered separately.
The results provide an estimate based on your inputs. Exact figures may vary depending on lender-specific calculations.
No, the calculator assumes a fixed interest rate. For variable or tracker rates, you’ll need to consider potential rate fluctuations.
Yes, the calculator works for buy-to-let scenarios. For interest-only mortgages, ensure you have a repayment strategy.
This depends on your lender’s terms. Many lenders allow overpayments or early repayments, which can reduce the total interest paid.
  • Auction Finance specialises in structured financing solutions for property auctions. Our expert team prioritises a client-focused approach, offering competitive rates and flexible options for quick and efficient funding. Whether you're bidding on residential, commercial, or land, we are committed to supporting your auction success.

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  • THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
  • We are a credit broker not a lender.
  • The FCA does not regulate most Buy to Let mortgages.
  • Authorised and regulated by the Financial Conduct Authority FCA reg. 994617.
  • 5 Century Court, Tolpits Lane, Watford, WD18 9PX. Registered in England, No 14667048
  • We always aim to provide a high-quality service to our customers. However, if you encounter any problems and we are unable to resolve them, you can take your complaint to an independent ombudsman. Our advice is covered under the Financial Ombudsman Service.

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