Buying and moving costs
Legal fees, surveys, removals and any property tax that applies to your situation.
Mortgage repayment
calculator.
Estimate monthly repayments and total interest. Compare the effect of changing your deposit, interest rate and mortgage term.
Enter your figures.
Try different figures. This is an example rate, not a mortgage offer.
Estimated monthly repayment£1,938
Repayment mortgage, capital + interest
Your deposit 15% Mortgage 85%
- Mortgage amount
- £382,500
- Interest over the term
- £315,206
- Total mortgage repayments
- £697,706
An estimate, not an affordability check. Assumes this rate stays the same for the whole term. Fees are excluded.
How this estimate works
This calculator models a capital-and-interest repayment mortgage with monthly payments. It assumes the same interest rate applies for the entire term. In reality, rates can change when a deal ends. It excludes product fees, legal costs, insurance and taxes. Figures are rounded to the nearest pound and do not tell you what a lender will offer or what you can afford.
If the interest rate is zero, the loan is divided equally across the number of monthly payments. A longer term normally lowers the monthly repayment but increases the total interest.
Other costs
of owning a home.
Include buying costs, household bills and a financial buffer alongside your mortgage repayments.
Create my mortgage checklistOngoing household costs
Bills, insurance, maintenance, service charges where relevant and an emergency buffer.
Changes to your budget
A different income, a higher rate, a growing family or simply wanting more flexibility.
Mortgage terms
explained.
Loan to value
The mortgage as a percentage of the property value. A £340,000 mortgage on a £400,000 property has an 85% loan to value. The rest would be your deposit or equity.
Fixed rate
The interest rate stays the same for an agreed period. Your deal may include early repayment charges, and the rate will usually change when that period ends.
Variable rate
The interest rate can change. With a tracker, it follows a reference rate under the terms of the deal. With a lender’s standard variable rate, the lender sets the rate.
Mortgage term
The overall time allowed to repay the mortgage. This is different from the deal period, such as a two-year or five-year fixed rate.