How Much Will I pay on My Mortgage?

This is a quick reference guide to discovering how much your mortgage payments could be. This assumes interest rates are 6%. Bear in mind interest rates can fluctuate and this will have a big impact on your monthly repayments.

  • These Repayment Calculations assume a standards Capital and Interest repayment Mortgage.
  • An interest only mortgage would have cheaper monthly repayments, but the mortgage total would not decline .
  • These repayment calculations assume a 30 year mortgage term. A 25 year mortgage term would have higher monthly repayments, but the total cost would be lower.
  • The column on the right shows the increase in cost from a quarter point rise in Interest Rates. From August 2006 to 2007 the Bank of England increased interest rates 5 times.

Mortgage Amount Monthly
Repayment at 6%
Monthly Mortgage Repayment at 8% How much will your mortgage payments increase after a 0.25% rise in interest Rates? (from 6 – 6.25%) £500,000 £3,027 £3,704 £81 £400,000 £2421 £2960 £67 £350,000 £2118 £2590 £57 £300,000 £1816 £2220 £49 £250,000 £1513 £1850 £41 £200,000 £1210 £1480 £33 £190,000 £1150 £1406 £31 £180,000 £1089 £1332 £29 £170,000 £1029 £1258 £27 £160,000 £968 £1184 £25 £150,000 £908 £1110 £24 £140,000 £847 £1036 £23 £130,000 £787 £962 £22 £120,000 £726 £888 £20 £110,000 £665 £814 £18 £100,000 £605 £740 £16 £90,000 £544 £666 £15 £80,000 £484 £592 £14 £70,000 £423 £518 £13

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