Mortgage calculators
Mortgage Repayment Calculator
Estimate how the mortgage amount, assumed interest rate and term could affect monthly repayments and the overall cost of a repayment mortgage.
This is an illustrative estimate, not a mortgage quote or personalised advice.
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Your estimated mortgage repayment
This is an illustrative repayment estimate based on a repayment mortgage and assumes the interest rate remains the same for the full term. It does not include every fee, insurance cost or change that may affect a mortgage. A Mortgage and Protection Advisor can explain the options and costs relevant to your circumstances.
How does our repayment calculator work?
This calculator uses the mortgage amount, interest rate, and term you enter to estimate your monthly repayment. It assumes you make a repayment mortgage payment every month and that the interest rate stays the same for the full term.
What is a mortgage repayment?
A mortgage repayment is the regular amount you pay to your lender. With a repayment mortgage, each payment covers the interest due and pays off part of the money you borrowed.
How do mortgage interest rates work?
Interest is the cost of borrowing money. Changing the interest rate or mortgage term can make a meaningful difference to your monthly payment and the total amount you repay.
Mortgage repayment questions
Is this a mortgage quote?⌄
No. This is an illustrative estimate based on the figures entered, not a mortgage quote or personalised recommendation.
Does the estimate include every cost?⌄
No. Mortgage fees, insurance, legal costs and future rate changes may affect the overall cost.
What happens if the interest rate changes?⌄
A different interest rate can change both the monthly repayment and total amount repaid.
Can I reduce my monthly repayment?⌄
Changing the term may reduce a monthly payment, but can increase the total interest paid.
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Put the figures into the context of your circumstances.
A calculator can help you explore a scenario, but it cannot assess your full mortgage circumstances. Speak to a Mortgage and Protection Advisor about the questions behind your estimate.