Mortgages

UK Mortgage Calculator

Estimate your monthly mortgage payment based on property price, deposit, interest rate and term. Useful for both first-time buyers and remortgaging.

£
£
%
Monthly payment
£1,510.10
Loan amount
£252,000.00
Total interest
£201,031.27
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How this mortgage calculator works

Your deposit is subtracted from the property price to give the amount you need to borrow.

We then apply the standard repayment-mortgage formula to compute a level monthly payment.

Interest-only mortgages are not modelled — this calculator assumes a capital-and-interest repayment.

M = P · r / (1 − (1 + r)^−n) where P = price − deposit.

Frequently asked questions

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