Mortgage Payment Calculator

Easily estimate your monthly mortgage payments with our free, interactive Mortgage Payment Calculator.

Whether you're planning to buy your first home, remortgage, or explore investment properties, this tool helps you understand how much you could pay each month.

How It Works

Our calculator allows you to input:

Mortgage Amount: The total loan you plan to borrow.
Interest Rate: The rate of the product you’re considering.
Mortgage Term: The overall length of your mortgage.
Repayment Type: Choose between Repayment (capital + interest) or Interest-Only.

Understand Your Results

Once you enter your details, the calculator will show your estimated monthly payments.

Here's how each input affects your results:

Mortgage Amount: A higher loan amount increases your monthly payments. Use this to test different property prices or deposit sizes.
Interest Rate: Even small changes in the rate can significantly impact your payments. Try different rates to see how your affordability shifts.
Term Length: A longer term reduces monthly payments but increases total interest paid over time. A shorter term means higher monthly payments but less interest overall.
Repayment vs Interest-Only:
- o Repayment Mortgage: You pay off both the loan and interest each month. This means your balance reduces over time
- o Interest-Only Mortgage: You only pay the interest each month, resulting in lower payments, but the loan amount remains unchanged until the end of the term.

Why Use a Mortgage Calculator?

Quick and easy budgeting.
Compare different mortgage scenarios.
Plan ahead with confidence.
Understand the impact of interest rate changes.

Ready to Explore Your Options?

Use our calculator now to get a clearer picture of your mortgage payments. Whether you're buying, refinancing, or investing, understanding your monthly costs is a crucial step in making.

Want to talk things through?

No problem, get in touch with us today and speak to one of our experts.

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