Mortgage Calculator UK

| Free Tool To Calculate Mortgage Repayments
Menu

What could the monthly costs of a £118,000 mortgage be if you wanted to pay it back over 10 years at an interest rate of 1%?

Answer:

£1,033.73 a month

Total Payable: £124,047

Total Interest: £6,047

Change Values

%

What happens if rates go up?

Rate1.25%1.5%1.75%
Monthly£1,047
£13 more
£1,060
£26 more
£1,073
£39 more
Total Payable£125,590
£1,543 more
£127,145
£3,097 more
£128,712
£4,664 more

The above examples are based on borrowing £118,000 over a period of 10 years.

What if you wanted to borrow more?

Amount£123,000£128,000£133,000
Monthly£1,078
£44 more
£1,121
£88 more
£1,165
£131 more

The above examples are based on a rate of 1% over a period of 10 years.

What if you pay it off quicker?

Term8 yrs6 yrs4 yrs
Monthly£1,280
£246 more
£1,689
£656 more
£2,509
£1,475 more
Total Interest£4,832
£1,215 less
£3,625
£2,423 less
£2,425
£3,623 less

The above examples are based on borrowing £118,000 at a rate of 1%.

DISCLAIMER: These numbers are estimates only! They do not include any fees or charges that could be made by mortgage companies or agents. Take them at face value and don't come moaning back to us if you get quoted something different!

Page Tags:
mortgagecalculatoruk.info example:
10 years
£ 118000

To help personalise content, tailor and measure adverts and provide a safer experience, we use cookies. By clicking on or navigating our site you agree to allow us to collect information through cookies. Learn more in our full Privacy Policy.

OK