Repayments are calculated using the size of your mortgage, the interest rate from your lender, and the term of your contract.
By entering a few key details, we can provide you with an indicative value. For a more accurate figure, get in touch with one of our advisers who will going through your monthly incomings and outgoings.
For particular advice and guidance about finding the right mortgage for you, speak to one of our expert advisers.
Alternatively, see all mortgage calculators.
How does our repayment tool calculate mortgage payments?
This mortgage repayment calculator uses your mortgage amount, mortgage term, and interest rate to give you an idea of what your monthly mortgage repayments could be.
What is a mortgage repayment?
A mortgage repayment is the regular payment made by you (the borrower) to the mortgage provider (lender) to repay the money you borrowed. This includes any interest charges and fees.
You and the lender will work out how much you’ll pay each month when you take out your mortgage as well as when you will make payments each month.
How do mortgage interest rates work?
When you take out a mortgage or loan, the lender charges you interest on the amount you borrow. This interest is a percentage of your loan amount and adds to your monthly mortgage payments.
If your mortgage interest changes, so will your repayments. Use our calculator to check how any change may affect your monthly costs by inputting different interest rate values.