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Mortgage Repayment Calculator

Compare different mortgage deals for your new home from over 74 of the UK’s top lenders. Just enter some basic details about your property, income and deposit, and we’ll show you a range of offers that suit your needs.

You can also see how changing the mortgage term, type or amount of your mortgage can affect your monthly payments and interest rate.

  • Get an estimate of your monthly mortgage payment and total interest costs.
  • Make informed decisions about your home purchase.
  • It’s free and easy to use.
Mortgage repayment calculator

How to use our mortgage repayment calculator

Enter your mortgage details. You’ll need to enter the property value, loan amount, mortgage term, and repayment type.

Choose your mortgage type. You can select from fixed rate, tracker, or variable rate mortgages. You can also filter by initial period, such as 2, 3, or 5 years.

See your results. We’ll show you a list of mortgage deals that match your criteria, along with the monthly payments, interest rates, and fees for each one. You can sort the results by monthly payment, interest rate, or total cost.

Compare your options. You can select up to three mortgage deals and compare them side by side. You can also see a breakdown of the payments and costs over the mortgage term.

If you have any questions about how to use our mortgage repayment calculator, please don’t hesitate to contact us. We’ll be happy to help you get the answers you need.


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Mortgage repayment calculator FAQs

It is impossible to say for sure whether mortgage rates will go down in 2024. However, there are a number of factors that could influence rates, including the Bank of England's base rate, the state of the UK economy, and the level of inflation. If the Bank of England does lower its base rate, this could lead to lower mortgage rates. However, it is also possible that rates could go up if the UK economy weakens or inflation rises.

An interest-only mortgage is a type of mortgage where you only pay the interest on the amount you have borrowed each month. You do not pay any of the capital back, so the balance of your mortgage will remain the same until the end of the term. At this point, you will need to find a way to repay the full amount of the mortgage, either by selling your property or by taking out another mortgage.

The length of time you fix your mortgage for is a personal decision. There are pros and cons to both 2-year and 5-year fixed rates.

  • 2-year fixed rates are typically lower than 5-year fixed rates. This is because lenders are less exposed to interest rate risk if you only fix your rate for 2 years.
  • 5-year fixed rates offer more certainty over your monthly payments. This can be helpful if you are on a tight budget or if you are planning to make a major purchase in the next few years.

Ultimately, the best way to decide whether to fix your mortgage for 2 or 5 years is to speak to a mortgage advisor. They will be able to assess your individual circumstances and help you to choose the right option for you.

A mortgage repayment calculator can be used to estimate how much you will need to pay each month on your mortgage. The calculator will take into account the amount of your mortgage, the interest rate, and the term of your mortgage.

You can use the mortgage repayment calculator to compare different mortgage deals and to see how changes in the interest rate or the term of your mortgage will affect your monthly payments.

The cost of your mortgage will depend on a number of factors, including the amount of your mortgage, the interest rate, and the term of your mortgage.

You can use the mortgage repayment calculator to get an estimate of how much your mortgage will cost. However, it is important to remember that this is just an estimate and the actual cost of your mortgage may be higher or lower.

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