Compare mortgage repayments
Calculate your mortgage repayments so you can see how much it could cost you per month.
How it works
Our monthly mortgage repayment calculator is designed to help you work out what your monthly mortgage payments could be, based on your total loan amount, loan duration and interest rate. Just pop in a few details to start.
Mortgage repayment calculator
Our monthly mortgage repayment calculator is designed to help you work out what your monthly mortgage payments could be, based on your total loan amount, loan duration and interest rate. Just pop in a few details to start.
If you need help with your mortgage or would like a support to secure the right deal, speak to one of our helpful, trusted mortgage advisors.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is £299.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Mortgage repayment FAQs
A mortgage repayment calculator is a quick tool that helps you estimate what your monthly mortgage repayments could be. It takes your mortgage amount, interest rate and loan term into account to give you an estimate.
By using our mortgage repayment calculator, you can get a general idea of how much your mortgage could cost each month. Having a figure can help you understand how much you need to budget each month for your mortgage. Plus, it helps you compare various mortgage options that vary in interest rate and loan terms.
While this tool is useful, keep in mind that it’s just an estimate. You can get a personalised mortgage repayment product and advice from one of our expert advisors.
A mortgage repayment is a payment that you make monthly to repay both the debt (otherwise called ‘capital’) and any interest each month on your mortgage. For example, if you borrowed £200,000 to buy a house and you took out a repayment mortgage, you’ll pay back some of the capital and some of the interest owed each month.
As long as you meet all your monthly payments (and we recommend always doing so!), you’ll have repaid your entire loan by the end of the mortgage term.
Some mortgages, like interest-only mortgages, only cover the interest portion in the monthly repayment. With this loan, you’ll need to have a plan in place to repay the original loan at the end of the term.
Not at all! Using our mortgage repayment calculator won’t impact your credit score in any way. This tool is an estimate of your monthly payments, and they don’t access your credit report. So, feel free to play around with it and input different interest rates and term lengths – it won’t affect your creditworthiness.
A repayment calculator won’t include all the additional costs of buying a property, so be sure to budget extra money.
For example, the repayment calculator doesn’t cover:
Leaseholder fees or service charges
Mortgage product fees (such as overpayments and exit fees)
Variable interest rates (as the interest rate on tracker mortgages can change several times throughout the year)
If you’re ready to get a mortgage, get in touch with one of our trusted mortgage advisors. They’ll ask you a few questions then get searching for the right mortgage to suit your budget. And because you’ve already used the monthly mortgage repayment calculator, you know roughly what sort of monthly expenses to expect!
Purplebricks Mortgages Limited is an appointed representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority. Purplebricks Mortgages Limited. Registered Office: 146 Freston Road, London, W10 6TR. Registered in England Number: 11952059.