Mortgage Repayment Calculator
See how much your monthly payments could be.
These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.
How Our Mortgage Repayment Calculator Works
Monthly Repayments
We calculate monthly repayments by dividing the mortgage amount and total interest by the number of months in your chosen repayment period.
Rounding of Repayments
Repayments are initially calculated using the unrounded amount to determine the total interest payable over the mortgage term.
Interest Rate
The calculator uses your specified interest rate to estimate total interest over the mortgage term, assuming the rate remains constant throughout.
Timing of Interest
Interest is assumed to be applied at the same frequency as your mortgage repayments.
APRC
The APRC (Annual Percentage Rate of Charge) allows you to compare mortgage offers easily. Values are accurate to one decimal place, but whole numbers are displayed without a decimal (e.g., 3.0% appears as 3%).
How can we help?
We provide expert guidance to help you through every step of the mortgage process. From first-time buyers to experienced homeowners, our team can advise on the right mortgage options, repayment plans, and financial strategies to suit your goals.
Mortgage Quote Calculator: Our mortgage quote calculator lets you estimate monthly repayments quickly and easily.
Looking to remortgage? - Whether you want to save on your current mortgage, consolidate debt, or release equity from your home, our remortgage services help you to achieve your financial goals.
Stamp Duty calculator - Use our stamp duty calculator to see how much tax you’ll pay when buying a property.
Best Buy Mortgage Table- Compare the most competitive mortgage deals in one place with our Best Buy Mortgage Table.
Frequently Asked Questions
1. What is a mortgage repayment calculator?
A mortgage repayment calculator is a tool that estimates your monthly repayments based on the loan amount, interest rate, and repayment term.
2. How does the calculator work?
It divides the total loan and interest by the number of months in your repayment period, showing an estimated monthly payment.
3. What is APRC?
The APRC (Annual Percentage Rate of Charge) shows the total cost of your mortgage, including interest and fees, making it easier to compare offers.
4. Can the calculator show changes if interest rates change?
The calculator assumes a fixed interest rate for the term you enter. If your rate changes, repayments may be higher or lower.
5. Does it include fees and other costs?
Some calculators include basic fees, but for an exact figure, check your lender’s full mortgage offer.
6. Can I use this if I want to overpay my mortgage?
Yes. You can adjust repayment amounts to see how overpayments affect your monthly payments and overall interest.
7. Is the calculator accurate for all mortgages?
It provides estimates to help with planning, but your actual repayments may differ depending on your lender, fees, and changes in interest rates.
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