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Mortgage Tools

Mortgage Repayment Calculator

Estimate your monthly payment and see a full repayment schedule. Adjust the inputs below to model your mortgage.

Loan details

£
£
%
yrs
Total mortgage amount (loan + fee) £250,000

Overpayment (optional)

£
#
—Time saved
—Interest saved
—New mortgage length
Monthly payment
£—
Fixed repayment (EMI)
Total repaid
£—
Over term
Total interest
£—
—% of loan

Interest only comparison

How does an interest only mortgage compare to your repayment mortgage?

Repayment
£—
per month
Capital + interest — mortgage fully paid at end of term
VS
—
monthly saving on IO
—
extra interest over term
Interest Only
£—
per month
—
⚠ With an interest only mortgage the full loan amount remains outstanding at the end of the term and must be repaid in full. A separate repayment strategy must be in place. Interest only mortgages are subject to lender criteria and are not available to all borrowers.

Balance over time

Remaining balance Total paid to date

Repayment schedule

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Important: This calculator is provided for illustrative purposes only and does not constitute financial advice. Figures are based on a capital repayment mortgage and assume the interest rate remains constant throughout the term. Overpayment savings assume a consistent monthly overpayment from the selected start month. As a mortgage is secured against your home, it could be repossessed if you do not keep up repayments. For personalised whole-of-market mortgage advice, please contact KMD Financial Planning.