Mortgage Repayment Calculator UK

ESTIMATE

Illustrative estimates as of 3 November 2026, not financial advice or a mortgage offer. Rates: Moneyfacts averages (2-year fixed 5.97%, 5-year fixed 5.99%, 28 Oct 2026) and Bank Rate 3.75% + an assumed 1.00% tracker margin. Your lender’s rate, fees and affordability checks will differ.

How much will your mortgage cost each month? Use the mortgage repayment calculator below for any loan, or open an article for a full breakdown of one amount from £50,000 to £750,000: monthly repayments over 20, 25, 30 and 35 years at today’s average rates, interest-only cost, total interest, the salary you need at 4.5× and 5.5× income, the deposit and Stamp Duty at each loan-to-value, and how the price compares with average UK house prices.

£200,000 mortgage: total cost by term

Stretching the term lowers the monthly payment, but the gold interest bar grows much faster.

Mortgage monthly payments by loan amount

UK mortgage repayments table (November 2026)

Repayment mortgages, rate constant for the whole term. 2-yr fix 5.97%, 5-yr fix 5.99% (Moneyfacts averages, 28 Oct 2026).

Loan	2-yr fix, 25 yrs	5-yr fix, 25 yrs	5-yr fix, 35 yrs	Interest-only	Salary at 4.5×
£50,000	£321	£322	£285	£250	£11,111
£60,000	£385	£386	£342	£300	£13,333
£70,000	£450	£451	£399	£349	£15,556
£80,000	£514	£515	£456	£399	£17,778
£90,000	£578	£579	£513	£449	£20,000
£100,000	£642	£644	£570	£499	£22,222
£110,000	£707	£708	£626	£549	£24,444
£120,000	£771	£772	£683	£599	£26,667
£130,000	£835	£837	£740	£649	£28,889
£140,000	£899	£901	£797	£699	£31,111
£150,000	£964	£966	£854	£749	£33,333
£160,000	£1,028	£1,030	£911	£799	£35,556
£170,000	£1,092	£1,094	£968	£849	£37,778
£180,000	£1,156	£1,159	£1,025	£899	£40,000
£190,000	£1,221	£1,223	£1,082	£948	£42,222
£200,000	£1,285	£1,287	£1,139	£998	£44,444
£225,000	£1,446	£1,448	£1,281	£1,123	£50,000
£250,000	£1,606	£1,609	£1,424	£1,248	£55,556
£275,000	£1,767	£1,770	£1,566	£1,373	£61,111
£300,000	£1,927	£1,931	£1,709	£1,498	£66,667
£325,000	£2,088	£2,092	£1,851	£1,622	£72,222
£350,000	£2,249	£2,253	£1,993	£1,747	£77,778
£375,000	£2,409	£2,414	£2,136	£1,872	£83,333
£400,000	£2,570	£2,575	£2,278	£1,997	£88,889
£450,000	£2,891	£2,897	£2,563	£2,246	£100,000
£500,000	£3,212	£3,218	£2,848	£2,496	£111,111
£550,000	£3,534	£3,540	£3,132	£2,745	£122,222
£600,000	£3,855	£3,862	£3,417	£2,995	£133,333
£750,000	£4,819	£4,828	£4,271	£3,744	£166,667

How the numbers are worked out

Every article uses the same verified inputs: Moneyfacts average fixed rates from late October 2026, the Bank of England’s 3.75% Bank Rate (held on 17 September 2026) plus an assumed 1-point tracker margin, the Stamp Duty Land Tax rates for England and Northern Ireland in force since 1 April 2025 (unchanged in the 28 October 2026 Budget), and the UK House Price Index for August 2026. Take-home pay comes from our UK salary after tax pages for 2026/27. Rates move daily — and the Bank of England announces its next decision on 5 November 2026 — so treat every figure as an estimate, not an offer.

FAQ

How do I calculate monthly mortgage repayments in the UK?

Repayment = loan × r ÷ (1 − (1 + r)^−n), where r is the annual rate divided by 12 and n is the number of monthly payments. For interest-only, the payment is simply loan × annual rate ÷ 12. The calculator on this page does both.

How much is a £200,000 mortgage per month?

At the 5.99% average 5-year fixed rate (Moneyfacts, 28 October 2026), about £1,287 a month over 25 years and £1,139 over 35 years.

How much salary do I need for a £300k mortgage?

At the usual 4.5× income multiple you need about £66,667 of household income; at 5.5× about £54,545. Lenders then check your outgoings and stress-test the payment.

What are average UK mortgage rates now?

Moneyfacts put the average 2-year fix at 5.97% and the average 5-year fix at 5.99% on 28 October 2026; the average standard variable rate was 7.13%. Bank Rate is 3.75%, with the next Bank of England decision on 5 November 2026.

Are these figures a mortgage offer?

No. They are illustrative estimates using average rates. Your actual rate depends on your deposit, credit record, income and the lender, and fees can change the true cost.

Assumptions & sources

Average rates: Moneyfacts average 2-year fixed 5.97% and 5-year fixed 5.99% (all LTVs, 28 October 2026; 5.97% and 6.00% on 2 November) and average standard variable rate 7.13% (October 2026). Averages hide a wide spread — best-buy deals at 60% LTV can be well over half a point cheaper.
Bank of England Bank Rate 3.75% (held on 17 September 2026 by a 6–3 vote; next decision 5 November 2026). The tracker example adds an assumed 1.00% margin; best-buy trackers were around Bank Rate + 0.24 to + 0.60 points in early November 2026.
Repayments use the standard annuity formula with monthly compounding and assume the rate stays the same for the whole term — in reality fixed rates end after 2–5 years.
Stamp Duty Land Tax (England & Northern Ireland) from 1 April 2025: 0% to £125,000, 2% to £250,000, 5% to £925,000, 10% to £1.5m, 12% above; first-time buyers 0% to £300,000 and 5% to £500,000 (no relief above £500,000). Unchanged in the 28 October 2026 Budget. Scotland (LBTT) and Wales (LTT) use different taxes.
House prices: UK House Price Index for August 2026 (HM Land Registry/ONS, published 21 October 2026): UK £273,037, England £294,000, London £554,430, first-time buyers £230,097.
Take-home pay: 2026/27 income tax and NI for England, Wales & NI, no pension or student loan (see the UK salary pages).