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All toolsMortgage calculator

Mortgage calculator

What a mortgage costs each month, on repayment and on interest only, from four figures.

Your figuresDeterministic calculation
Interest rate4.50%
0.1%12%
Term25 years
1 year40 years
Product fee1.00%
0%5%

The figures move as you drag. The product fee is treated as added to the loan, so it is borrowed and carries interest for the whole term; pay it up front instead and set it to 0%. Nothing here is a quotation: no early-repayment charge, offset balance or lender rule is included, and no product is recommended.

Monthly, on repayment£1,684.17Capital and interest. The debt is cleared at the end of the term.
Monthly, interest only£1,136.25Interest alone. The full amount borrowed is still owed at the end.
Product fee added to the loan
£3,000
Total amount borrowed
£303,000
Interest over the term, on repayment
£202,252
Total paid, on repayment
£505,252
Interest over the term, interest only
£340,875
Capital still owed at the end, interest only
£303,000

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