Mortgage calculator

Use our mortgage calculator to work out how much your monthly mortgage payments will be.

Our calculator should only be used as a guide to your repayments, we recommend you check the monthly costs with your mortgage provider before committing to a mortgage.

Compare 100s of mortgage deals Compare mortgage rates from 1.98% Get a free no obligation mortgage quote No credit check at this stage

How do I use the mortgage calculator?

Our mortgage calculator compares mortgages available in the UK against each other, looking at their interest rates, terms and conditions, and duration. It will calculate your typical monthly repayments, and the total amount you’ll be paying back. Some mortgages offer different interest rates according to how much you’re going to borrow, the length of mortgage, and the type of mortgage. Our mortgage calculator takes all of this into account.

To find out more, read our introductory guide to mortgages.

Using the mortgage calculator is really easy: Just enter the size of the mortgage you require, and the interest rate. If you don’t know the interest rate, use the average rate, which in the UK is 5.37% (Credit Action, 2008). You also have to enter the total period you want to repay the mortgage over. Our calculator will then do the hard work for you, giving you an indication of your typical monthly repayments, and the total amount you’ll be paying back.

We recommend you check the monthly costs with the mortgage provider before committing to a mortgage. Our calculator should only be used as a guide to your repayments.

Choosing the right type of mortgage

When it comes to mortgages, the list of what’s available is endless. Banks and building societies are continuously updating and expanding the range of mortgages they offer, so shopping around to find the right one for you can be a bit daunting.

Our mortgages made easy guide will help you, whatever you’re looking to do. Whether you’re thinking of buy a new house, or if you’re thinking about changing your current mortgage deal, the guide will explain everything you need to know about what’s on offer at the moment, and give you an insight into the mortgage world.

For first time buyers we have a guide on what traps and pitfalls to be on the lookout for, and all the information you’ll need to know before making the biggest purchase you’ll probably ever make!

Once you’ve gone through the process of finding a mortgage, it’s unlikely you’ll want to do it again. However, a year or two on, it could be a costly mistake to not reconsider all the options, as remortgaging can be an effective way of cutting down your monthly costs. Our guide will tell you everything you need to know about remortgaging, offering advice and guidance and explaining the process step-by-step.

You can compare mortgages using our online comparison service, which will search through over 5,000 mortgage deals to find the best deal for you.

THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.