--- title: "Mortgage Repayment Calculator UK 2026 — Monthly Cost & Interest | First Rung Now" description: "Free UK mortgage repayment calculator for 2026. Monthly capital & interest, interest-only, total paid and total interest — plus a free UK mortgage broker q..." lang: en-GB json-ld: | [ { "@context": "https://schema.org", "@type": "Organization", "name": "First Rung Now", "url": "https://firstrungnow.com", "description": "Independent UK mortgage education and broker matching service.", "address": { "@type": "PostalAddress", "addressCountry": "GB" } }, { "@context": "https://schema.org", "@type": "WebSite", "name": "First Rung Now", "url": "https://firstrungnow.com" }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Are UK mortgage payments monthly?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — virtually all UK lenders collect payment monthly by direct debit. A handful offer weekly/fortnightly on request; bi-weekly is not standard in the UK." } }, { "@type": "Question", "name": "What's the difference between capital + interest and interest-only?", "acceptedAnswer": { "@type": "Answer", "text": "Capital + interest clears the loan by the end of the term. Interest-only keeps the balance flat and you must repay the capital at the end from a separate source (ISA, sale, pension lump sum)." } }, { "@type": "Question", "name": "How much would a £200,000 UK mortgage cost per month?", "acceptedAnswer": { "@type": "Answer", "text": "At 4.5% over 25 years: ~£1,112/month capital + interest, or £750/month interest-only. Every 0.5% change is roughly £55/month on a £200k loan." } }, { "@type": "Question", "name": "What's the longest UK mortgage term I can get?", "acceptedAnswer": { "@type": "Answer", "text": "Most lenders cap at 40 years. Some (Halifax, Nationwide) go to 40 years for first-time buyers; a smaller pool offers 45 years. Your age at the end of term must fit lender rules (usually 70–80)." } }, { "@type": "Question", "name": "Can I switch from interest-only to repayment mid-term?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — most UK lenders allow it any time, free of charge. Payment rises, but total interest paid falls significantly." } }, { "@type": "Question", "name": "Do UK mortgage payments change if the Bank of England base rate moves?", "acceptedAnswer": { "@type": "Answer", "text": "Only tracker and SVR mortgages move with base rate. Fixed rates are locked for 2/3/5/10 years — the change only hits when your fix ends and you remortgage." } }, { "@type": "Question", "name": "What happens if I miss a UK mortgage payment?", "acceptedAnswer": { "@type": "Answer", "text": "A missed payment shows on your credit file for 6 years and triggers arrears fees. Contact the lender immediately — most will agree a payment plan or short-term hold before it escalates." } } ] } ] --- [Skip to content](#main) [![First Rung Now](/assets/logo-mark-BqLOgqvj.png) First Rung Now UK Mortgage Guides ](/) - Mortgages - Remortgages - Buy To Let - Bad Credit - Calculators - Guides - [Find a Broker](/find-a-mortgage-broker) - [About](/about) [Speak to a Vetted Broker](/find-a-mortgage-broker) 1. [Home](/) 2. [Calculators](/calculators) 3. Repayments Repayments Calculators # UK mortgage repayment calculators Standard UK repayment mortgages use monthly capital + interest amortisation. Enter your loan, rate and term to see the true monthly cost and lifetime interest. ## Mortgage repayment calculator Enter your figures, then add your name and phone to reveal the result. Free, no credit check. Loan amount (£) Interest rate (%) Term (years) Get your result & a free broker sense-check Add your name and phone (required) — we'll show your figures and optionally match you with a vetted FCA-regulated broker. No spam, no credit checks. Your name \* Phone number \* Email (optional) I'd like to be matched with a vetted broker for a free, no-obligation chat. Untick if you only want the calculation. Show my result By submitting you agree to our [Privacy Policy](/privacy-policy). ## More repayments calculators ### Monthly mortgage payment calculator Same amortisation formula focused on a single monthly figure. [Ask a broker to run this](/find-a-mortgage-broker) ### Weekly mortgage payment calculator Monthly payment ÷ 4.333 or ×12/52 to compare against weekly income. [Ask a broker to run this](/find-a-mortgage-broker) ### Bi-weekly mortgage calculator Effectively 13 monthly payments per year — shortens the term meaningfully. [Ask a broker to run this](/find-a-mortgage-broker) ### Interest-only mortgage calculator Monthly interest = loan × rate ÷ 12. Capital repaid at end via a repayment vehicle. [Ask a broker to run this](/find-a-mortgage-broker) ### Fixed-rate mortgage calculator Same monthly figure for the fixed period; recalculates on expiry. [Ask a broker to run this](/find-a-mortgage-broker) ### Tracker mortgage calculator BoE base + margin. Simulate rate rises/falls to see payment sensitivity. [Ask a broker to run this](/find-a-mortgage-broker) ### Variable-rate mortgage calculator SVR-based estimate — usually the highest of the three. [Ask a broker to run this](/find-a-mortgage-broker) Every scenario above depends on lender-specific criteria (income multiples, ICR, stress rates, credit profile). A vetted FCA-regulated broker will run the exact numbers for your situation in one working day. ## Frequently asked questions ### Are UK mortgage payments monthly? Yes — virtually all UK lenders collect payment monthly by direct debit. A handful offer weekly/fortnightly on request; bi-weekly is not standard in the UK. ### What's the difference between capital + interest and interest-only? Capital + interest clears the loan by the end of the term. Interest-only keeps the balance flat and you must repay the capital at the end from a separate source (ISA, sale, pension lump sum). ### How much would a £200,000 UK mortgage cost per month? At 4.5% over 25 years: ~£1,112/month capital + interest, or £750/month interest-only. Every 0.5% change is roughly £55/month on a £200k loan. ### What's the longest UK mortgage term I can get? Most lenders cap at 40 years. Some (Halifax, Nationwide) go to 40 years for first-time buyers; a smaller pool offers 45 years. Your age at the end of term must fit lender rules (usually 70–80). ### Can I switch from interest-only to repayment mid-term? Yes — most UK lenders allow it any time, free of charge. Payment rises, but total interest paid falls significantly. ### Do UK mortgage payments change if the Bank of England base rate moves? Only tracker and SVR mortgages move with base rate. Fixed rates are locked for 2/3/5/10 years — the change only hits when your fix ends and you remortgage. ### What happens if I miss a UK mortgage payment? A missed payment shows on your credit file for 6 years and triggers arrears fees. Contact the lender immediately — most will agree a payment plan or short-term hold before it escalates. Why we ask for your details Calculators are educational. A free broker sense-check turns them into something actionable — specific to your credit profile, income type and lender criteria. ### Speak with a vetted broker Free introduction to an FCA-regulated adviser experienced in your scenario. [Match me with a broker](/find-a-mortgage-broker) ### All calculator categories - [Affordability](/calculators/affordability) - [Repayments](/calculators/repayments) - [Borrowing & LTV](/calculators/borrowing) - [Remortgage](/calculators/remortgage) - [First-Time Buyer](/calculators/first-time-buyer) - [Buy-to-Let](/calculators/buy-to-let) - [Equity](/calculators/equity) - [Costs & Stamp Duty](/calculators/costs) - [Overpayments](/calculators/overpayments) - [Comparison](/calculators/comparison) - [Specialist mortgages](/calculators/specialist) - [Refinance & Switching](/calculators/refinance) - [Income](/calculators/income) - [Investment](/calculators/investment) First Rung Now Independent UK mortgage education and broker matching. We don't sell mortgages — we help you understand them, then connect you with vetted advisers. 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