Mortgage Payment Calculator

Estimate your monthly repayments instantly — free and easy to use

Your Mortgage Details

£
£
%
years

Your Results

🏡

Fill in your mortgage details on the left and click Calculate to see your monthly payments.

Advertisement

How Does a Mortgage Work?

Understanding the basics helps you make better decisions

What is a Mortgage?

A mortgage is a loan from a bank or lender to help you buy a home. You repay it monthly over an agreed period — usually 15 to 30 years — along with interest charged by the lender.

What is a Deposit?

Your deposit is the amount you pay upfront toward the home purchase. A larger deposit means a smaller loan and usually a lower interest rate, saving you money over time.

Fixed vs Variable Rates

A fixed rate stays the same for a set period, making budgeting easier. A variable rate can go up or down with the market, which means your payments may change over time.