This calculator can tell you the monthly and overall cost of your mortgage, based on the loan amount, interest rate, and term length.
Enter the amount you’re borrowing
£
Enter the mortgage rate, 5.5% is a typical rate currently but this can vary
%
Enter the mortgage term, 25 years is the average but lenders can offer shorter and longer terms
Years
Mortgae term can’t be greater than 40 years
Your Results:
The monthly repayments on a 2,000 mortgage would be 270
The total amount paid at the end of your mortgage term would be 3240