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Calculate Your
Monthly Repayments

Estimate your monthly mortgage payments quickly and easily. Plan your home purchase with confidence using our live, distraction-free calculator.

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Monthly Payment

£1,251

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Figures are estimates for illustrative purposes only.

Understanding Your Monthly Repayments

Family Home

Tip

A larger deposit significantly reduces your monthly payments.

Monthly mortgage payments typically consist of two parts:

  • 1
    Principal The amount you borrowed that goes towards owning the home.
  • 2
    Interest The cost charged by the lender for borrowing the money.

"The type of mortgage you choose (Fixed vs Variable) will determine if your payments stay the same or fluctuate over time."

Your monthly repayment amount depends on several factors:

  • 1
    Loan amount The total sum you've borrowed.
  • 2
    Interest rate The percentage of the total outstanding balance, charged by the lender for borrowing the money.
  • 3
    Term The length of time you have to repay the mortgage, usually 25-35 years in the UK.
  • 4
    Mortgage Type Whether you have an interest-only or repayment mortgage.
Family Home

Tip

Remember: extending your term reduces monthly payments but dramatically increases the total interest you pay back.

Crunch the Numbers for Your New Home

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How Does Mortgage Mapper Work?

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Steps

1

Share Your Details: Tell us about your property dreams.

2

Get Matched: Our algorithm matches you with a pre-vetted advisor who specialises in your area.

3

Receive Expert Advice & Secure Your Deal: Get tailored guidance for your individual circumstances.