How much will my mortgage cost?

Your monthly mortgage repayments depend on three things - what repayment method you select i.e. capital and interest or interest only, the term over which you intend to pay it off and the interest rate you select.

Use the calculator below to work out your repayments. The calculator has been preset with a mortgage amount of £100,000, a term of 25 years, and an interest rate of 7% but you can change these values to reflect your circumstances if you wish.
Mortgage required:
(omit commas)
£ 
Repayment term:
(5-25 years)
    years
Interest rate:
(enter 10% as 10)
    %
Your monthly repayment is likely to be:
Capital and interest:
£ 
Interest only:
£ 
But be careful - at 1% above this interest rate your monthly repayments will be:
Capital and interest:
£ 
Interest only:
£ 

The first figure gives the total monthly payment for a straight repayment mortgage, including both interest and the payment toward the capital loan amount. This reduces the amount owed on the capital, month by month.

The second figure shows the amount of interest payment only.

If you opt for an interest-only mortgage, such as linked to an endowment, ISA or pension saving policy, you will need to add the cost of the monthly premiums of the policy to the interest figure above. On maturity the savings policy is intended to pay the loan.

These figures are only a guide. We recommend that you obtain exact figures from a specific lender before committing to any mortgage.