uksalarycalculator.io

Mortgage Repayment Calculator

Estimate your monthly mortgage payments and see a full amortization schedule showing how your loan is paid off over time.

Mortgage Calculator

Estimate your monthly mortgage payments.

£
£
%
years

Your Results

A summary of your mortgage estimate.

Your Monthly Payment

£1,169.18

Total Interest Paid

£150,754

Total Paid

£350,754

Amortization Schedule

YearPrincipalInterestRemaining
1£4,124£9,906£195,876
2£4,335£9,695£191,541
3£4,557£9,474£186,985
4£4,790£9,240£182,195
5£5,035£8,995£177,160
6£5,292£8,738£171,868
7£5,563£8,467£166,305
8£5,848£8,182£160,457
9£6,147£7,883£154,310
10£6,461£7,569£147,849
11£6,792£7,238£141,057
12£7,139£6,891£133,918
13£7,505£6,525£126,413
14£7,889£6,141£118,524
15£8,292£5,738£110,232
16£8,717£5,314£101,515
17£9,162£4,868£92,353
18£9,631£4,399£82,722
19£10,124£3,906£72,598
20£10,642£3,388£61,956
21£11,186£2,844£50,769
22£11,759£2,271£39,011
23£12,360£1,670£26,650
24£12,993£1,037£13,657
25£13,657£373£0

Understanding Your Mortgage

Buying a home is a huge financial step. Our calculator helps you break down the numbers, so you can understand your potential monthly payments and the total cost of your loan.

Key Mortgage Factors

These are the main inputs that determine your monthly payment.

Property Price

The total purchase price of the property you want to buy.

Deposit Amount

The upfront amount you pay. A larger deposit usually means a lower interest rate and smaller monthly payments.

Interest Rate

The annual interest rate charged by the lender. This has a major impact on your costs.

Loan Term

The number of years you have to repay the loan. Longer terms mean lower monthly payments but more total interest paid.

How It Benefits You

Use this calculator to make informed financial decisions.

Plan Your Budget

Get a clear estimate of your monthly housing costs to see what you can comfortably afford.

Compare Different Scenarios

Easily change inputs like the deposit or interest rate to see how it affects your payments.

Understand the Total Cost

Our calculator shows you not just the monthly payment, but the total interest you'll pay over the life of the loan.