Mortgage Calculator for the UK: Estimate Payments & Costs

Use this comprehensive **mortgage calculator for the UK** to quickly estimate your monthly repayment figures, total interest costs, and the overall affordability of your next UK property purchase or remortgage. This tool uses standard UK mortgage calculation methods and allows for variations like extra payments to see potential savings.

Instruction: Modify the values and click the Calculate button to use

Calculate Your Monthly Repayments

Enter the details of the mortgage you are considering to see a detailed breakdown of your monthly payments and interest commitment. This calculation uses the UK standard compound interest model.

Loan Amount (Principal)
Annual Interest Rate
Mortgage Term years
Payment Frequency
Optional Extra Payments:
per month
per year
one time (start/immediately)
 

Estimated Monthly Repayment: £1,530.07

Based on the default input values (£250,000 loan, 5.5% interest over 25 years), your estimated monthly repayment would be **£1,530.07**. This assumes a standard repayment mortgage. Click 'Calculate Mortgage' to update this with your figures.

Total Principal
£250,000
Total Interest Paid
£209,021
This bar shows the split of your total lifetime payments.
 Standard RepaymentWith £200 Extra/Month
Monthly Repayment£1,530.07£1,730.07
Total Payments£459,021.39£409,036.96
Total Interest Paid£209,021.39£159,036.96
Loan Payoff Time25 yrs, 0 mos19 yrs, 10 mos
Interest Savings: £49,984.43

View Detailed Amortisation Table