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Mortgage Repayment Calculator
There are, in fact, many ways in which interest and repayments can be calculated. There is no “right” way or “wrong” way. The answer below will, however, give you a typical repayment using the standard repayment formula.
It also shows you the total interest paid over the term. Be careful, however, the initial repayment can change with Interest Rates.
It is only a guide. You MUST check the actual figures with your proposed mortgage lender(s).
Enter loan amount here:
(Please do NOT type in the '£' sign)
£
Enter the annual Interest Rate here:
without the % sign (e.g 6.75)
%
Enter number years of loan here:
years
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