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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 a mortgage or any other debt secured on it.

Mortgage Repayment Calculator

A mortgage repayment calculator estimates how much your monthly mortgage repayments may be. Use our calculator to work out how much your mortgage may cost each month.

Table of Contents

What will my mortgage repayments be?
Compare Mortgages
How our mortgage repayment calculator works
What else does the mortgage repayment calculator show?
How are mortgage repayments calculated?
When do you start paying mortgage repayments?
What are the different mortgage repayment types?
Where can I find the best mortgage rates?
Try our other mortgage calculators

Our mortgage repayment calculator gives you an idea of what your monthly mortgage repayments could cost based on the size of the mortgage you need, the length of time you intend to pay it off and the interest rate you expect to pay.

What will my mortgage repayments be?

Estimated Mortgage Repayment

The following is a guide to repayments over the full term of the mortgage and assumes your interest rate remains the same for the entire duration.

£1,315.33

Monthly Mortgage Repayment

Loan To Value

90%

Mortgage Term

25 Years

Interest Paid

£169,598.28

Total Paid

£394,598.28

Show less details

Your mortgage debt over time

This calculator is designed to give you a guide on mortgage costs. It also makes certain assumptions to be able to provide calculations over a longer period that will not be reflected in your own mortgage. The actual mortgage you obtain will depend on a number of factors that are specific to your own personal and financial circumstances.

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Compare Mortgages

Tell us what you’re looking for and see current UK mortgages available, including rates, repayments and product information. Continue online to our partner L&C for fee-free mortgage help and advice.

Loan Type

Repayment

Interest Only

Property Value

Mortgage Term

Mortgage Amount

Showing 3 of 50 results

Lender Name

Initial Rate

Monthly Repayments

Product Fees

Annual Cost

Nationwide

4.64% initial rate
Fixed for 5 years
then 7.49% (variable)

Max LTV 90%

£1,269.00
Monthly Repayments

£999.00
Product Fees 6.55% APRC

£15,422.64
Annual Cost

Representative Example
more info

6.55% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£999
Other fees	£0
Valuation fee	£0
Cashback	£ 0

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	5% reducing to 1% for 5 years
Exit fee	£65
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£999	Early Repayment Charge	5% reducing to 1% for 5 years
Other fees	£ 0	Exit fee	£65
Valuation fee	£0	Basic legals	Payable
Cashback	£ 0

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 5 years at 4.64% and then on a variable rate of 7.49% for the remaining 20 years would require 60 payments of £1,269 and 240 payments of £1,595. The total amount payable would be £459,939 made up of the loan amount plus interest (£233,940) and fees (£999). The overall cost for comparison is 6.6% APRC representative.

Virgin Money

4.73% initial rate
Fixed to 01/03/30
then 8.24% (variable)

Max LTV 90%

£1,280.00
Monthly Repayments

£1,209.00
Product Fees 7.1% APRC

£15,543.96
Annual Cost

Representative Example
more info

7.1% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£995
Other fees	£0
Valuation fee	£214
Cashback	£ 300

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	5% reducing to 2% until 01/03/30
Exit fee	£99
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£995	Early Repayment Charge	5% reducing to 2% until 01/03/30
Other fees	£ 0	Exit fee	£99
Valuation fee	£214	Basic legals	Payable
Cashback	£ 300

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 5 years at 4.73% and then on a variable rate of 8.24% for the remaining 20 years would require 60 payments of £1,280 and 240 payments of £1,690. The total amount payable would be £483,309 made up of the loan amount plus interest (£257,400) and fees (£909). The overall cost for comparison is 7.1% APRC representative.

HSBC

4.74% initial rate
Fixed to 28/02/30
then 6.99% (variable)

Max LTV 90%

£1,281.00
Monthly Repayments

£999.00
Product Fees 6.25% APRC

£15,507.44
Annual Cost

Representative Example
more info

6.25% APRC Max LTV 90%

CHECK IF YOU QUALIFY

Fees and Charges
Booking fee	£0
Arrangement fee	£999
Other fees	£0
Valuation fee	£0
Cashback	£ 350

Flexibility & Other info
Overpayments allowed?	10% p/a
Early Repayment Charge	5% reducing to 1% until 28/02/30
Exit fee	£0
Basic legals	Payable

Fees and Charges		Flexibility & Other info
Booking fee	£0	Overpayments allowed?	10% p/a
Arrangement fee	£999	Early Repayment Charge	5% reducing to 1% until 28/02/30
Other fees	£ 0	Exit fee	£0
Valuation fee	£0	Basic legals	Payable
Cashback	£ 350

Representative example A mortgage of £225,000 payable over 25 years, initially on a fixed rate for 5 years at 4.74% and then on a variable rate of 6.99% for the remaining 20 years would require 60 payments of £1,281 and 240 payments of £1,538. The total amount payable would be £446,629 made up of the loan amount plus interest (£220,980) and fees (£649). The overall cost for comparison is 6.3% APRC representative.

Think carefully before securing other debts against your home. You home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

Important Information:
This mortgage product comparison service is provided by L&C Mortgages. Information is updated up to twice daily from L&C’s whole of market mortgage database, however some products may be excluded such as those only available directly with a lender or specialist products. Products are initially shown in order of initial rate but can be reordered. By selecting to Continue Online you will introduced to L&C Mortgages and their qualified advisors a Nerdwallet brings you this mortgage rate comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fee’s and charges. Mortgage suitability is specific to your own personal and financial circumstances.

Need Advice?

NerdWallet has partnered with L&C, the UK's leading fee free mortgage broker, to offer you expert advice

Call L&C on:
0808 292 0841

How our mortgage repayment calculator works

To use our mortgage repayment calculator you’ll need to have a rough idea of the:

price or value of the property the mortgage relates to
deposit or amount of equity you can put towards the mortgage
type of mortgage you want – capital repayment or interest-only?
mortgage rate you’re likely to pay
length of time you intend to pay off your mortgage in its entirety – so your mortgage term
fees that you may need to pay for taking out the mortgage

Type the relevant figures into the repayment calculator and you’ll see how much your monthly repayments might be, based on the information you’ve provided.

The results are intended as a guide only. You should speak to your mortgage lender or broker for more precise details on what your mortgage repayments will be.

What else does the mortgage repayment calculator show?

As well as giving you an idea of monthly mortgage repayment costs, our mortgage repayment calculator also tells you how much the mortgage would cost over your entire mortgage term. How much interest you would pay in pounds and pence is calculated separately too. The graph shows how the amount you owe on your mortgage overall should decrease over time.

How are mortgage repayments calculated?

Mortgage repayments are affected by a range of factors including your:

mortgage amount
mortgage deposit
interest rate
repayment term
credit history

Our mortgage repayment calculator can help you get a rough idea of how much you’re likely to repay each month.

When do you start paying mortgage repayments?

Your first mortgage repayment will normally be due at an agreed date in the month following the completion of your mortgage. Your mortgage lender will send you a letter confirming exactly when your mortgage payments will be taken and how much they will be.

Typically, your first mortgage payment is higher than your usual standard monthly repayment amount. This is because additional interest is added for any days between mortgage completion and the end of that month.

What are the different mortgage repayment types?

There are two main mortgage repayment types:

Capital repayment: This is where your mortgage repayments go towards paying off the interest you owe and some of the original mortgage amount you borrowed each month. If you make all of your repayments on time, everything you owe should be paid off by the end of your mortgage term.
Interest-only: This is where you only repay the interest on your mortgage each month, and then pay off your original loan amount by the end of your mortgage term. Interest-only mortgages are less common, usually have stricter eligibility requirements and tend to be more expensive than capital repayment mortgages.

» MORE: Interest-only vs repayment mortgages

Where can I find the best mortgage rates?

The calculations are simple: the lower your mortgage rate, the lower your mortgage repayments will be. However, the most important aspect of getting a mortgage is to find a deal that suits you and your circumstances. Speaking to a mortgage adviser is always sensible if you’re at all uncertain and shopping around is a must.

» MORE: Check the latest mortgage rates

Try our other mortgage calculators

Dive even deeper

What Credit Score Do You Need for a Mortgage?

Mortgage Repayment Calculator