Mortgage Repayment Calculator
Get an idea of what your monthly mortgage payments might be using The Mortgage Pod’s helpful mortgage repayment calculator.
This calculator can tell you the monthly and overall cost of your mortgage, based on the loan amount, interest rate, and term length.
It's important to note that the calculator is intended as an indicative guide only. Please contact us for a free, detailed consultation to get a more accurate estimate of how much you could borrow based on your financial situation, monthly budget and personal circumstances.
Mortgage loan size based on monthly payment
What Mortgage Can I Get for £1,000pm?
What Mortgage Can I Get for £1,500pm?
What Mortgage Can I Get for £2,000pm?
What Mortgage Can I Get for £2,500pm?
What Mortgage Can I Get for £3,000pm?
What Mortgage Can I Get for £3,500 a Month?
What Mortgage Can I Get for £4,000pm?
What Mortgage Can I Get for £4,500pm?
What Mortgage Can I Get for £5,000 per Month?
Mortgage payments based on loan size
How Much Does A £1,000,000 Mortgage Cost In The UK?
How Much Does A £200,000 Mortgage Cost In The UK?
How Much Does A £250,000 Mortgage Cost In The UK?
How Much Does A £300,000 Mortgage Cost In The UK?
How Much Does A £350,000 Mortgage Cost In The UK?
How Much Does A £400,000 Mortgage Cost In The UK?
How Much Does A £450,000 Mortgage Cost In The UK?
How Much Does A £500,000 Mortgage Cost In The UK?
How Much Does A £550,000 Mortgage Cost In The UK?
How Much Does A £600,000 Mortgage Cost In The UK?
How Much Does A £650,000 Mortgage Cost In The UK?
How Much Does A £700,000 Mortgage Cost In The UK?
How Much Does a £750,000 Mortgage Cost in the UK?
How Much Does A £800,000 Mortgage Cost In The UK?
How Much Does A £850,000 Mortgage Cost In The UK?
How Much Does A £900,000 Mortgage Cost In The UK?
How Much Does A £950,000 Mortgage Cost In The UK?
Mortgage loan size based on income
What Mortgage Can I Get with £100,000 Income? | £100k Salary Mortgage
What Mortgage Can I Get with £105,000 Income? | £105k Salary Mortgage
What Mortgage Can I Get with £110,000 Income? | £110k Salary Mortgage
What Mortgage Can I Get with £115,000 Income? | £115k Salary Mortgage
What Mortgage Can I Get with £120,000 Income? | £120k Salary Mortgage
What Mortgage Can I Get with £125,000 Income? | £125k Salary Mortgage
What Mortgage Can I Get with £130,000 Income? | £130k Salary Mortgage
What Mortgage Can I Get with £135,000 Income? | £135k Salary Mortgage
What Mortgage Can I Get with £140,000 Income? | £140k Salary Mortgage
What Mortgage Can I Get with £145,000 Income? | £145k Salary Mortgage
What Mortgage Can I Get with £150,000 Income? | £150k Salary Mortgage
What Mortgage Can I Get with £155,000 Income? | £155k Salary Mortgage
What Mortgage Can I Get with £160,000 Income? | £160k Salary Mortgage
What Mortgage Can I Get with £165,000 Income? | £165k Salary Mortgage
What Mortgage Can I Get with £170,000 Income? | £170k Salary Mortgage
What Mortgage Can I Get with £175,000 Income? | £175k Salary Mortgage
What Mortgage Can I Get with £180,000 Income? | £180k Salary Mortgage
What Mortgage Can I Get with £185,000 Income? | £185k Salary Mortgage
What Mortgage Can I Get with £190,000 Income? | £190k Salary Mortgage
What Mortgage Can I Get with £195,000 Income? | £195k Salary Mortgage
What Mortgage Can I Get with £200,000 Income? | £200k Salary Mortgage
What Mortgage Can I Get with £30,000 Income? | £30k Salary Mortgage
What Mortgage Can I Get with £35,000 Income? | £35k Salary Mortgage
What Mortgage Can I Get with £45,000 Income? | £45k Salary Mortgage
What Mortgage Can I Get with £55,000 Income? | £55k Salary Mortgage
What Mortgage Can I Get with £60,000 Income? | £60k Salary Mortgage
What Mortgage Can I Get with £65,000 Income? | £65k Salary Mortgage
What Mortgage Can I Get with £70,000 Income? | £70k Salary Mortgage
What Mortgage Can I Get with £80,000 Income? | £80k Salary Mortgage
What Mortgage Can I Get with £85,000 Income? | £85k Salary Mortgage
What Mortgage Can I Get with £90,000 Income? | £90k Salary Mortgage
What Mortgage Can I Get with £95,000 Income? | £95k Salary Mortgage
What is a mortgage calculator?
There are two main types of mortgage calculators: borrowing and repayment.
1. Affordability Calculator: This estimates how much you could borrow based on your income and other factors. While it varies by lender, it gives you a general idea.
2. Repayment Calculator: The calculator on this page helps you determine your potential monthly payments. You can adjust different deposit amounts and property values to find out how much you need to borrow for your ideal home.
How do mortgage calculators work?
The beauty of the mortgage repayment calculator is that you can experiment with different amounts to find your sweet spot. Our mortgage calculator shows potential monthly payments based on:
- Property Value (£). You will likely have an idea of the value of the property you want to buy, but if not, take a look at property websites. Look at recent sales rather than asking prices to get a more accurate view of what you could afford in your target area.
Deposit (£). Enter the amount of deposit you have already saved or plan to save.
Mortgage interest rate (%). Our mortgage calculator defaults to 4%. However, be sure to look up the latest average interest rates and replace it with a more accurate figure. We recommend that you make your calculations based on the best and worst scenarios to ensure you could still make the payments if the interest rate were to change.
Mortgage term (years). Typical mortgage terms range from 15 to 30 years. Think about your life stage and future plans and choose a realistic term.
Please note:
The calculator is configured to show monthly payments on repayment mortgages, so if you’re looking for an interest-only mortgage, do get in touch.
The calculator only shows monthly repayments on fixed-rate mortgages. If you’re looking to take out a variable-rate mortgage, your payments will, of course, fluctuate with the Bank of England base rate.
Are mortgage calculators accurate?
Repayment calculators like ours are intended as an indicative guide only. Mortgage rates are constantly changing, so it’s best to contact a mortgage adviser for a more accurate view.
Also, there are many other factors that could affect your eligibility for a mortgage, such as your credit history. Lenders carry out stringent credit checks, so it’s worth checking your credit report before you start to approach lenders.
Important things to remember:
Always consider the one-off costs of arranging your new deal, such as solicitors fees and stamp duty. Use our stamp duty calculator.
Your monthly costs will include more than the mortgage repayments alone. It’s important to factor in things like utility bills, insurance and mortgage protection.
If you’re planning on paying off an existing mortgage early before getting a new deal, there may be early repayment costs to factor in.
What can I do if the monthly mortgage payments are too high?
As a first-time buyer, the projected monthly payments may feel a little intimidating, but if they seem out of reach, don’t be put off straight away.
There are thousands of mortgage deals on the market with different terms and eligibility criteria, which may mean you can borrow more than you expect. As a mortgage broker, we have the benefit of experience and know exactly which lenders to approach to give you the best chance of success.
What our customers are saying about us
Customer service and communication are our strong points, but we don’t expect you just to take our word for it. If you have time, please take five and read what our customers are saying about us and why they rate us as a 5-star mortgage broker.
From the outset, Steve carefully assessed our financial situation, offering us practical, clear advice that gave us the confidence to proceed. He took the time to understand our existing mortgage and helped us navigate porting it to our new property with ease.
Chris provided a similar level of care with our protection needs, evaluating our current coverage and working with us to recommend tailored solutions to ensure we were well protected for our new circumstances.
Their communication was outstanding throughout, which made a real difference in reducing the stress of the process. They were always responsive, using WhatsApp to make it easy for us to stay in touch even during work hours, and provided clear, thorough answers to every question we had along the way.
Thanks to Steve and Chris, we felt supported, informed, and prepared at every stage. We’re so grateful for their guidance and expertise!
I would recommend The Mortgage Pod to anyone that wants a smooth and easy experience purchasing a home. Thanks for all the help Steve!
Steve was responsive, knowledgeable, and always available to answer our questions. He made the entire mortgage process smooth and stress-free, explaining everything clearly and ensuring we understood each step. Steve went above and handled everything efficiently, we highly recommend him to anyone looking for a dedicated, professional mortgage advisor. Thank you, Steve, for making our home-buying experience a great one!
Looking for a mortgage? Get in touch with The Mortgage Pod today
Whether you’re looking to buy your first home, moving home or seeking to remortgage, The Mortgage Pod is here to help you find the best deal for your circumstances. Contact us today to arrange a consultation.
