0808 189 0463


        0808 189 0463

        Updated: April 17, 2024

        Mortgage Repayment Calculator

        Want to know much your repayments could be for a mortgage? Use our calculator below to find out.

        Calculate My Repayments

        No impact on your credit score

        If you’re thinking of getting a mortgage and want to see what the repayments are, based on how much you need to borrow, use our calculator below for an immediate idea of what they could be. Then speak to a mortgage broker who can guide you through the next steps in the process.

        calculator icon

        Mortgage Repayment Calculator

        Our mortgage repayment calculator can tell you how much your mortgage will cost you each month and overall. Enter the amount you’re borrowing, the term length and interest rate, and our calculator will do the rest.

        Enter the amount you're borrowing
        2.5% is an average figure but the rate you get may vary
        25 years is average, but most lenders offer longer and shorter terms

        Monthly Repayments:

        Total amount paid at end of term:

        Get started with an expert broker to find out how much they could help you save on your mortgage repayments.

        Why use this mortgage repayment calculator

        Our repayment calculator is really simple and easy to use. Within just a matter of seconds it can show you what the repayments could be for the mortgage you need to buy the property you want. No personal details are required, all you need to do is input the following information:

        • Mortgage loan amount
        • Interest rate
        • Loan term

        And that’s it! The calculator will then show you how much the monthly repayments will be, based on the figures you’ve given.

        These calculations are purely for indication purposes only. For a more in-depth look at the best interest rate deals available at the moment, based on your deposit and the type of mortgage you’re looking for, it’s best to speak directly with an experienced mortgage broker.

        What about interest-only mortgages?

        If you’re considering an interest-only mortgage then our calculator can work out repayments for that method too. All you need to do is input the details listed above, but this time click on the toggle button underneath the loan term input field and the calculations will switch to interest-only.

        Get Started with a Broker

        Maximise your chance of approval with specialist advice from a mortgage expert

        Comparing different interest rates

        You can compare one interest rate versus another, and how this will affect your repayments by using our specific mortgage difference calculator below. Again, it’s really straightforward to use – just follow the guidelines below, input the required details and the calculator will do the rest.

        calculator icon

        Mortgage Difference Calculator

        Our mortgage difference calculator will show you how much your monthly repayments could change with a different interest rate to what you have currently. Enter your outstanding mortgage amount, remaining term, both current and new interest rate. Our calculator will then do the rest.

        Enter the amount of your outstanding mortgage loan here
        Enter the outstanding term of your loan
        Enter the rate you’re currently paying
        Enter the new interest rate here

        We estimate your current monthly repayments are

        At this rate, your payments could change by…

        monthly change
        monthly total

        Speak to an experienced broker to help find you the best mortgage solution for your current circumstances.

        How much you could borrow

        Each mortgage lender will follow its own affordability criteria when deciding upon the maximum amount you can borrow. As a general rule of thumb, most lenders will use standard income multiples to calculate this figure, usually 4.5 times salary, but sometimes higher.

        To give you an idea of how this could work out for you, use our affordability calculator below. You can then use these indicative amounts as a basis to calculate your monthly mortgage repayments:

        calculator icon

        Mortgage Affordability Calculator

        Our affordability calculator can tell you how much you can potentially borrow from a mortgage lender. Simply enter your total household income below and our calculator will do the rest.

        Input full salaries for all applicants

        You could borrow up to 

        Most lenders would consider letting you borrow

        This is based on 4.5 times your household income, the standard calculation used by the majority of mortgage providers. To borrow more than this, you will need to use a mortgage broker to access specialist lenders.

        Some lenders would consider letting you borrow

        This is based on 5 times your household income, a salary multiple you might struggle to qualify for without the help of a broker. This income multiple is not widely available to customers who are applying directly with a lender.

        A minority of lenders would consider letting you borrow

        This is based on 6 times your household income, a salary multiple you will struggle to get without a broker. Six-times salary mortgages are usually only available under very specific circumstances.

        Get Started with an expert broker to find out exactly how much you could borrow.

        Our Broker-Matching Service Guaranteed!

        We want you to have complete confidence in our service, and get the best chance of securing your mortgage. We guarantee to get your mortgage approved where others can’t – or we’ll give you £100*

        Learn More
        Mortgage Approval Guarantee or £100 back

        Why use Online Money Advisor?

        Once you’ve used our repayment calculator, here’s how we the mortgage brokers we work with can help you through the mortgage application process, giving you the best chance of securing the finance you need at the right repayment amount:

        • Find the best interest-rates available. Rather than spending lots of time scouring the internet for the best deals, your mortgage broker will be able to identify them on your behalf, based on your specific needs
        • Match your repayment requirements. Your mortgage broker will then work out for you how much your repayments will be for the exact type of mortgage you’re looking for
        • Get the mortgage you need – first time! They will help prepare your mortgage application, with all the necessary documentation so you get the approval you need

        What you should do next

        Our free unique broker-matching service is designed to match you with the right mortgage broker who can deal with your specific needs. So get in touch or give us a call on 0808 189 0463 and an advisor we work with will contact you straight away.

        Ask Us A Question

        We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects. Ask us a question and we'll get the best expert to help.

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        Pete Mugleston

        Pete Mugleston

        Mortgage Expert, MD

        About the author

        Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

        Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

        FCA Disclaimer

        *Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us as well as any of our own are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

        Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.