Calculate Monthly Repayments
Enter your mortgage details to see your monthly payment and total cost breakdown.
Calculate Your Monthly Payments
Calculate your monthly mortgage payments and see your repayment schedule with our professional UK mortgage calculator.
Enter your mortgage details to see your monthly payment and total cost breakdown.
Common questions about mortgage repayments
Mortgage repayments are calculated using the loan amount, interest rate, and term length. Each payment includes both capital (paying down the loan) and interest. Early payments are mostly interest, while later payments are mostly capital.
Capital is the amount you borrowed that you're paying back. Interest is the cost of borrowing that money. With a repayment mortgage, you pay both each month, gradually reducing the outstanding balance.
Yes, most mortgages allow overpayments up to 10% of the outstanding balance per year without penalty. Paying extra reduces the total interest paid and shortens the mortgage term. Check your mortgage terms for any restrictions.
If you have a variable rate mortgage, your payments will change with interest rate movements. Fixed rate mortgages protect you from rate changes during the fixed period, after which you'll typically move to a variable rate.
Longer terms mean lower monthly payments but more total interest paid. Shorter terms mean higher monthly payments but less total interest. Choose based on your budget and financial goals. Most UK mortgages are 25-30 years.