Mortgage Calculator
Work out your monthly mortgage repayments, compare interest rates, and see how overpayments could save you money and reduce your mortgage term.
£
£
%
Results
Monthly repayment£1,251
Interest-only payment£844
Total repayable£375,187
Total interest£150,187
Loan-to-value (LTV)90.0%
Based on a property price of £250,000 with a £25,000 deposit, your mortgage of £225,000 at 4.5% over 25 years would cost £1,251 per month on a repayment basis, or £844 per month interest-only. The total amount repayable would be £375,187, of which £150,187 is interest. Your loan-to-value ratio is 90.0%.
Repayment breakdown
Mortgage amount£225,000
Total interest£150,187
Yearly principal vs interest
PrincipalInterest
Amortisation schedule
| Year | Opening Balance | Payments | Interest | Principal | Closing Balance |
|---|---|---|---|---|---|
| 1 | £225,000.00 | £15,007.48 | £10,023.03 | £4,984.45 | £220,015.55 |
| 2 | £220,015.55 | £15,007.48 | £9,794.04 | £5,213.43 | £214,802.12 |
| 3 | £214,802.12 | £15,007.48 | £9,554.54 | £5,452.94 | £209,349.18 |
| 4 | £209,349.18 | £15,007.48 | £9,304.03 | £5,703.44 | £203,645.74 |
| 5 | £203,645.74 | £15,007.48 | £9,042.02 | £5,965.46 | £197,680.28 |
| 6 | £197,680.28 | £15,007.48 | £8,767.97 | £6,239.51 | £191,440.77 |
| 7 | £191,440.77 | £15,007.48 | £8,481.32 | £6,526.15 | £184,914.62 |
| 8 | £184,914.62 | £15,007.48 | £8,181.51 | £6,825.96 | £178,088.66 |
| 9 | £178,088.66 | £15,007.48 | £7,867.93 | £7,139.55 | £170,949.11 |
| 10 | £170,949.11 | £15,007.48 | £7,539.94 | £7,467.54 | £163,481.57 |
| 11 | £163,481.57 | £15,007.48 | £7,196.88 | £7,810.59 | £155,670.98 |
| 12 | £155,670.98 | £15,007.48 | £6,838.07 | £8,169.41 | £147,501.57 |
| 13 | £147,501.57 | £15,007.48 | £6,462.77 | £8,544.71 | £138,956.86 |
| 14 | £138,956.86 | £15,007.48 | £6,070.22 | £8,937.25 | £130,019.61 |
| 15 | £130,019.61 | £15,007.48 | £5,659.65 | £9,347.83 | £120,671.78 |
| 16 | £120,671.78 | £15,007.48 | £5,230.21 | £9,777.27 | £110,894.51 |
| 17 | £110,894.51 | £15,007.48 | £4,781.04 | £10,226.43 | £100,668.07 |
| 18 | £100,668.07 | £15,007.48 | £4,311.24 | £10,696.23 | £89,971.84 |
| 19 | £89,971.84 | £15,007.48 | £3,819.86 | £11,187.62 | £78,784.22 |
| 20 | £78,784.22 | £15,007.48 | £3,305.90 | £11,701.57 | £67,082.65 |
| 21 | £67,082.65 | £15,007.48 | £2,768.33 | £12,239.14 | £54,843.50 |
| 22 | £54,843.50 | £15,007.48 | £2,206.07 | £12,801.41 | £42,042.10 |
| 23 | £42,042.10 | £15,007.48 | £1,617.98 | £13,389.50 | £28,652.60 |
| 24 | £28,652.60 | £15,007.48 | £1,002.86 | £14,004.61 | £14,647.98 |
| 25 | £14,647.98 | £15,007.48 | £359.49 | £14,647.98 | £0.00 |