Editable market rates
Mortgage Calculator
Calculate your monthly mortgage payments, see the full amortization schedule, and check affordability. Works for both residential and buy-to-let mortgages.
Mortgage Details
£75,000
Loan-to-Value:
75% LTV
Market avg: 4.5%
25 years
Monthly Payment
£1,251
Principal + Interest
Total Interest
£150,187
Over 25 years
Total to Repay
£375,187
Principal + Interest
LTV:75%
Loan:£225,000
Type:Residential
First 5 Years Breakdown
See how your payments are split between principal and interest
Year 1Balance: £220,016
Principal: £4,984Interest: £10,023
Year 2Balance: £214,802
Principal: £5,213Interest: £9,794
Year 3Balance: £209,349
Principal: £5,453Interest: £9,555
Year 4Balance: £203,646
Principal: £5,703Interest: £9,304
Year 5Balance: £197,680
Principal: £5,965Interest: £9,042
Recommendations
Monthly Payment Formula
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ-1]
Where M = monthly payment, P = principal (loan amount), r = monthly interest rate (annual rate ÷ 12), and n = total number of payments (years × 12).