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Mortgage Calculator

How much will my mortgage payments be


Enter the mortgage loan, expected interest rate and term of the mortgage and press Calculate.

The calculator will give you an estimate of the repayments for a repayment (capital and interest) mortgage and for an interest only mortgage.

Enter mortgage Loan  

Enter Interest Rate % 

Enter term in years 

Your Monthly Payments (excludes insurances)

Capital and interest

Interest only

You will note that the interest only payment is lower than the capital and interest. This is because you are just paying the interest back to the lender.

With a capital and interest mortgage, your monthly mortgage payment is paying both the interest and paying a small amount off the capital borrowed. At the end of each year you will notice from your mortgage statement that the capital borrowed has reduced

If you take out an interest only loan for 100,000 (say). You will still owe the lender 100,000 in 25 years time. You should have some means of clearing an interest only mortgage.