Repayment
Calculator
Calculate your monthly mortgage payments with real lender data. See exactly what you'll pay each month based on current market rates. Check your LTV ratio with our LTV calculator on this page.
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How this calculator works
Enter your loan amount, interest rate and mortgage term. The calculator uses current UK mortgage rates to estimate your monthly repayment, total interest over the term and the total amount repayable. You can compare different term lengths and rates to see how they affect your payments.
Repayment Calculator
Understanding Your
Monthly Mortgage Payments
Your monthly mortgage payment consists of two key components: the capital (the principal amount borrowed) and the interest charged by your mortgage lender. With a capital repayment mortgage, each monthly instalment reduces both the interest owed and a portion of the outstanding capital, ensuring the mortgage is fully paid off by the end of the agreed term.
The amount paid each month depends on several factors including the total loan amount, the mortgage interest rate, and the length of the mortgage term. Choosing a longer mortgage term results in lower monthly payments but increases the total interest paid over the life of the loan, while a shorter term means higher monthly costs but significantly reduces the overall interest charges.
Key mortgage facts
25 yrs
Typical term
Most UK mortgages run for 25 years
4–4.5x
Income multiple
What lenders typically offer
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Through Clearview brokers
UK mortgage calculators provide estimates based on current market rates from multiple lenders. For accurate, personalised mortgage quotes tailored to individual circumstances, it is advisable to consult with a qualified mortgage adviser or independent mortgage broker.
Repayment vs interest-only
Repayment mortgage
- Each payment reduces your loan balance
- You own the property outright at the end of the term
- Lower total cost over the life of the mortgage
- Most common type for UK residential mortgages
Interest-only mortgage
- Lower monthly payments but loan balance stays the same
- You must repay the full loan at the end of the term
- Requires a repayment strategy (e.g. savings, sale)
- Fewer lenders offer this for residential borrowers
Speak to an Expert
Our calculators give you a useful estimate, but your actual mortgage and protection options depend on your full circumstances, credit history and lender criteria. Clearview Mortgage Solutions’ FCA regulated—our CeMAP-qualified advisers are on hand to explain how each calculator applies to you and to help you compare real mortgage quotes from 90+ UK lenders.
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Calculate Your
LTV Ratio
Understanding your loan-to-value ratio helps you find the best mortgage rates. What is LTV? →