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