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Mortgage Calculator

Editable market rates

Calculate your monthly mortgage payments, see the full amortization schedule, and check affordability. Works for both residential and buy-to-let mortgages.

Full UK monthly cost (P&I + council tax + insurance + service charge)

True out-of-pocket cost — not just P&I. For BTL, council tax is normally the tenant's liability during a tenancy (we show both with and without).

During a tenancy (tenant pays council tax)

£1,217/mo

During voids / owner-occupier

£1,398/mo

P&I£1,188
Council tax (Band D)£181
Buildings insurance£29
Service charge£0

Mortgage Details

£75,000
Loan-to-Value:
75% LTV
Market avg: 4%
Rates as of Apr 2026
25 years

UK fixes lock the rate for 2 / 5 years then revert to SVR. Trackers move with BoE base rate. Most BTL is on 5-year fixes for the longer stress-test exemption.

Monthly Payment

£1,188

Principal + Interest

Total Interest

£131,290

Over 25 years

Total to Repay

£356,290

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: £219,651
Principal: £5,349Interest: £8,903
Year 2Balance: £214,084
Principal: £5,567Interest: £8,685
Year 3Balance: £208,290
Principal: £5,794Interest: £8,458
Year 4Balance: £202,261
Principal: £6,030Interest: £8,222
Year 5Balance: £195,985
Principal: £6,275Interest: £7,976

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).

Frequently Asked Questions

What is LTV and why does it matter?

What's the difference between repayment and interest-only?

What is a stress test?

How much can I borrow?

Should I fix my rate or go variable?

What's the rental coverage ratio for investment properties?