Calculate your monthly mortgage payments, view detailed amortization schedules, and compare different scenarios
Enter your property price, deposit amount, mortgage term, and interest rate to calculate your monthly payments. Compare repayment vs interest-only mortgages and view detailed payment breakdowns over the life of your loan.
Calculating your mortgage...
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With a repayment mortgage, your monthly payments cover both the interest on your loan and a portion of the capital (the amount you borrowed). By the end of your mortgage term, you'll have paid off the entire loan, assuming you keep up with all payments.
With an interest-only mortgage, your monthly payments only cover the interest charged on the loan. The capital remains unchanged, and you'll need to repay it in full at the end of the mortgage term. This requires a separate repayment plan.
LTV is the ratio of your mortgage loan to the value of the property, expressed as a percentage. A lower LTV generally means better interest rates and more lender options. For example, a £180,000 mortgage on a £200,000 property is a 90% LTV.
Remember to budget for:
Our free mortgage repayment calculator helps you estimate your monthly mortgage payments and understand the total cost of your home loan. Whether you're a first-time buyer, remortgaging, or considering a buy-to-let property, this tool provides accurate calculations based on your specific circumstances.
The calculator supports both repayment and interest-only mortgages, allowing you to compare different mortgage types and terms. View detailed amortization schedules showing how your payments are split between principal and interest over time, and export your results to PDF or CSV for further analysis.
Use our interactive charts to visualize your mortgage payments, compare different interest rate scenarios, and make informed decisions about your home financing. All calculations are based on standard mortgage formulas used by UK lenders and are updated regularly to reflect current market conditions.