Enter the loan, the interest rate and the term to see your monthly repayment, the total interest and the total you will pay back. Free to use 3 times a day, with no sign-up. Everything is worked out in your browser.
Monthly repayment–
Total interest–
Total repaid–
How it works
For a capital and interest mortgage, the monthly repayment is P × r(1+r)n / ((1+r)n − 1), where P is the loan, r is the monthly rate (annual rate ÷ 12) and n is the number of monthly payments. For interest only, you pay P × r each month and still owe the full loan at the end of the term.
This is a guide only. Lenders add fees, and rates can change during the term. Check the exact figures with your lender or a qualified mortgage adviser before you decide.
Sources and further reading
Official and primary sources covering the topics in this article:
- Bank of England: Bank Rate: background on the current Bank Rate that drives savings and mortgage rates.
- Stamp Duty Land Tax: residential rates (GOV.UK): background on current SDLT bands in England and Northern Ireland.