Mortgage Repayment Calculator
Estimate your monthly mortgage payment, the total interest over the term and your year-by-year balance, on capital-and-interest or interest-only terms. An estimate, not a quote.
Estimate your monthly repayment
| Year | Interest | Capital | Balance |
|---|---|---|---|
| Year 1 | £13,171 | £5,985 | £274,015 |
| Year 2 | £12,880 | £6,276 | £267,739 |
| Year 3 | £12,576 | £6,580 | £261,159 |
| Year 4 | £12,256 | £6,900 | £254,259 |
| Year 5 | £11,921 | £7,235 | £247,024 |
| Year 6 | £11,570 | £7,586 | £239,438 |
| Year 7 | £11,202 | £7,954 | £231,484 |
| Year 8 | £10,815 | £8,340 | £223,143 |
| Year 9 | £10,411 | £8,745 | £214,398 |
| Year 10 | £9,986 | £9,170 | £205,228 |
| Year 11 | £9,541 | £9,615 | £195,613 |
| Year 12 | £9,074 | £10,082 | £185,531 |
| Year 13 | £8,585 | £10,571 | £174,959 |
| Year 14 | £8,071 | £11,085 | £163,875 |
| Year 15 | £7,533 | £11,623 | £152,252 |
| Year 16 | £6,969 | £12,187 | £140,065 |
| Year 17 | £6,377 | £12,779 | £127,286 |
| Year 18 | £5,757 | £13,399 | £113,887 |
| Year 19 | £5,106 | £14,050 | £99,838 |
| Year 20 | £4,424 | £14,732 | £85,106 |
| Year 21 | £3,709 | £15,447 | £69,659 |
| Year 22 | £2,959 | £16,197 | £53,463 |
| Year 23 | £2,173 | £16,983 | £36,480 |
| Year 24 | £1,348 | £17,808 | £18,672 |
| Year 25 | £484 | £18,672 | £0 |
Monthly interest rate: 0.396%.
An estimate only. Your actual payment depends on the lender's rate, fees and how interest is charged.
Capital & interest vs interest only
On a capital-and-interest (repayment) mortgage, each monthly payment clears the interest and chips away at the balance, so the mortgage is fully repaid by the end of the term. On interest only, you pay only the interest each month and the full balance remains outstanding at the end, to be cleared by a separate repayment vehicle.
Overpaying a repayment mortgage shortens the term and cuts the total interest sharply, because every extra pound comes straight off the balance. Most lenders allow penalty-free overpayments of up to 10% of the balance each year.
Get a personalised quote
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. This information is for general guidance only and does not constitute financial advice or a mortgage offer. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Doulton Bridging Finance is a trading style of Doulton Money Ltd. We work with FCA-authorised partners to source mortgage finance from a panel of specialist lenders.