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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.

Mortgage repayment calculator

Loan details

Calculate
£
£
%
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.

Please note that the tools referenced here are designed to give you an idea of what is available and what it may cost you. We strongly recommend you seek advice once you are ready to take out a mortgage. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

How to read this result

The monthly figure is an estimate based on the loan amount, term and interest rate you entered, assuming that rate applies for the whole term. It is general information to help you plan, not advice or a quotation.

In practice most UK mortgages are fixed for an initial period and then move to the lender’s variable rate, so the payment usually changes when that period ends. The schedule also leaves out arrangement fees, buildings insurance, ground rent and service charges, and it assumes you never overpay or take a payment holiday.

This works out the payment on an amount you choose. If you want to know what a lender might actually lend you, try the mortgage borrowing calculator, or see our mortgage advice in Kent page.

Important information

The information on this page is for information purposes only and does not constitute individual financial advice.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.