Mortgage Repayment Calculator

Mortgage Repayment Calculator

This calculator computes your mortgage repayments based on a repayment basis, where each payment includes both principal and interest. Please note that it does not calculate repayments for interest-only mortgages.

It considers:

  • Value of Mortgage Borrowing: The total amount borrowed for your mortgage.
  • Mortgage Term: The length of time over which you will repay the mortgage (e.g., 25 years).
  • Interest Rate: The annual interest rate applied to your mortgage.

The calculator shows:

  • Monthly Repayment: The amount you will pay each month towards your mortgage, assuming the interest rate remains constant.
  • Total Repayment: The overall amount you will repay over the entire mortgage term, including both the borrowed amount and the total interest paid.
  • Remaining Debt: A yearly breakdown of your remaining mortgage balance, showing how it decreases over time as you make payments.

Use this tool to plan your budget and understand the long-term commitment of your mortgage.

Mortgage Repayment Calculator
Mortgage Borrowing
£
Mortgage Term
years
Interest Rate
%
Calculation Results
  • Mortgage Borrowing £1000
  • + Interest £0
  • = Total you'll repay over full term £0
  • = Per month you'll repay £0

Your home maybe repossessed if you do not keep up repayments on your mortgage

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