How much will my mortgage cost?
Your monthly mortgage payment is affected by a few different factors. But the following will have the greatest impact:
- Mortgage amount
- Mortgage term
- Interest rates
- Repayment method
Choose your mortgage amount below to see what the monthly payments are likely to be and how the lender works this out.
£100,000 mortgage
How much does a mortgage of £100,000 cost each month and what factors affect it?
£150,000 mortgage
See the monthly repayments for a 150,000 mortgage and learn about how it’s calculated.
£200,000 mortgage
How much is a £200,000 mortgage a month? We show you the costs and explain how it works.
£250,000 mortgage
What are the monthly payments for a £250,000 mortgage and how can you make them lower.
£300,000 mortgage
See how much a £300,000 mortgage would cost each month and learn about the factors that can affect it.
£350,000 mortgage
How much does a £350,000 mortgage cost? We show you the monthly repayments and how they are worked out.
£400,000 mortgage
Get an idea on the monthly repayments for a £400,000 mortgage and see how the repayment method affects it.
£450,000 mortgage
We show you how much a £450,000 mortgage could cost each month and some ideas on how to reduce it.
£500,000 mortgage
See the monthly repayments for a £500,000 mortgage and compare interest-only to repayment.
£600,000 mortgage
See the monthly repayments for a £600,000 mortgage and learn about how it’s calculated.
£700,000 mortgage
How much does a £700,000 mortgage cost? We show you the monthly repayments and how they are worked out.
£750,000 mortgage
What are the monthly payments for a £750,000 mortgage and how can you make them lower.
£800,000 mortgage
See the monthly repayments for an £800,000 mortgage and compare interest-only to repayment.
£900,000 mortgage
We show you how much a £900,000 mortgage could cost each month and some ideas on how to reduce it.
£1 million mortgage
See the monthly repayments for a £1,000,000 mortgage and compare interest-only to repayment.
What is a mortgage repayment method?
When you first start looking at mortgages, and how much they might cost, you will see that there’s an option for ‘repayment method’.
Most lenders offer different ways of paying a mortgage back, but these may not be available to all borrowers.
Either way, it’s a good idea to ask a mortgage broker to explain the different options and suggest which one would be most suitable.
The majority of new mortgages are arranged on a repayment basis and each repayment method will have a direct impact on the monthly cost.
You will find more useful information in our article: “What are the different mortgage repayment methods?” and “How much does the average mortgage cost?“
Repayment mortgage
A repayment, or capital and interest, mortgage is the traditional way of paying back a mortgage. Your monthly payments slowly chip away at the debt and at the end of the term it is fully repaid.
Interest only mortgage
With an interest only mortgage you don’t pay any of the mortgage back via the monthly repayments. There needs to be another way of repaying the debt, such as selling the house or using savings.
Part and part mortgage
This is a useful option but is not widely spoken of. A part and part mortgage is a combination of a repayment and interest only mortgage.
