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Mortgage Repayment Calculator

Buying a home is a big step, and understanding your mortgage costs is essential. Use our free and easy mortgage calculator to estimate your monthly repayments, whether you're considering a capital repayment or interest-only mortgage.

Mortgage Repayment Calculator: How It Works

1. Repayment Type

Choose between two options:

  • Capital Repayment: Your monthly payments include both the loan amount (principal) and interest, gradually reducing the balance over time until the mortgage is fully repaid. This is applicable for most buyers.

  • Interest Only: Your monthly payments cover only the interest on the loan, with the full loan amount due at the end of the term. This is usually for buy-to-let mortgages.

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Your Monthly Repayment

Jar of Coins

Could you get a better rate?

It's possible!*

The rate you calculated is a great starting point, but we may be able to offer you an even better deal. Our expert mortgage brokers have access to a wide range of lenders and exclusive rates that may not be available directly to the public.

Get in touch with us today to see how we can help you save even more on your mortgage!

*subjected to eligibility, Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Calculators

How much can I save with the new mortgage?

Calculate and compare two different fixed-rate mortgages with our easy-to-use calculator. Simply key in the figures and mortgage rates to find out how much you could save.

How much can I borrow?

Find out how much you can borrow for your home with our affordability calculator. Get quick, accurate insights to plan your mortgage with confidence.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

 

Typically we charge a fee of £995 for arranging a mortgage, however the actual fee will depend on your circumstances and if more work is required then we could charge more than this (up to 1% of loan applied), but we will make you aware at the start of the process.

 

Possible Mortgages is a Registered Individual under Mortgage Find Ltd (FCA No. 972409), which is an Appointed Representative of The Right Mortgage Ltd, authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No. 12629888. Registered Office: Unit 2 Invicta Park, Sandpit Road, Dartford, England, DA1 5BU.

© Possible Mortgages 2025

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