Mortgage Calculator

Estimate your mortgage loan amount, monthly payments, total repayment, and total interest.

Property Price

Deposit

Annual Interest Rate (%)

Mortgage Term (Years)

Results

Loan Amount£200,000.00

Monthly Payment£1,169.18

Total Repayment£350,754.02

Total Interest£150,754.02

Related Tools

Try some of our other useful calculators.

VAT Calculator

Add or remove VAT from any amount quickly and easily.

Discount Calculator

Calculate sale prices and discount savings in seconds.

How this mortgage calculator works

This mortgage calculator estimates how much you may borrow and repay based on the property price, deposit, interest rate, and mortgage term. It helps you understand monthly costs and the overall cost of borrowing.

Formula

Monthly repayment = P × r × (1 + r)^n ÷ ((1 + r)^n - 1)

Example

If a property costs £250,000, your deposit is £50,000, the interest rate is 5%, and the term is 25 years, this calculator estimates the monthly payment and total mortgage cost.

FAQs

What is the loan amount?

The loan amount is the property price minus your deposit. This is the amount you borrow from the lender.

Does this include interest?

Yes. The monthly payment and total repayment include interest based on the rate you enter.

Can I use this for UK mortgages?

Yes. This is especially useful for estimating mortgage payments for UK property purchases.