Mortgage repayment calculator

Home
Mortgages
Mortgage repayment calculator

See what the interest rate will do to your monthly payments.

Are you a first-time buyer or looking to remortgage?

First-time buyer

Looking to remortgage

How much is your mortgage? This is the amount of money you're borrowing, not including your deposit.

How many years will your mortgage be for?

What is the interest rate?

Your monthly mortgage repayment:

£0

Find out about mortgages

Your real interest rate is worked out by the lender based on your circumstances. The information provided is purely for illustrative purposes

Work out your monthly mortgage repayments

To get a better idea of what monthly payments on a new mortgage deal might be, you can use the lower introductory or ‘initial’ rate offered by a lender.

That’s because a lender’s Standard Mortgage Rate (SMR) or Standard Variable Rate (SVR) is often higher.

The information provided is for illustrative use only.

How are monthly mortgage payments calculated?

To work out the monthly payments, we look at:

How much your new or outstanding mortgage is
The term of the mortgage
The interest rate of the deal you’re looking at

You might also be interested in

Mortgages

Are a type of loan used to buy a property. The mortgage is secured against the value of the property. Answer 9 simple questions to see your mortgage options.

Remortgages

Are suited to those who already own a property. Compare deals without harming your credit score.

First time buyer mortgages

Are designed to help give you that first step on the housing ladder. Answer 6 simple questions to see your mortgage options.

Should I rent or buy?

The first step to getting a house is making the decision about whether it's better to rent or buy.

House viewing checklist

Here's some tips to bear in mind when you view property.

What is exchange of contracts?

The final hurdle before the house is officially yours – swap contracts and insure the building.

Getting a mortgage with a gifted deposit

Buying a house is an expensive process. Gifted deposits can help.

Guarantor mortgages

We look at guarantor mortgages and how they could help you get on the property ladder.

Mortgages: early repayment charges explained

Paying off your mortgage early seems like a good idea, but you could be charged. Here's what you need to know.

Explore more mortgage guides

Page last reviewed: 11 September 2023

Reviewed by: Claire Flynn

YOU SHOULD THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME/PROPERTY. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The Financial Conduct Authority does not regulate mortgages for commercial or investment buy-to-let properties.

Confused.com is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions.

Confused.com and Mojo Mortgages are part of the same group of companies.

Confused.com 2nd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom. Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority. FRN 310635

Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376). We are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215). Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH.

To contact Mojo by phone, please call 0333 123 0012.