Repayment mortgage calculator
A repayment mortgage is mostly taken out by people who are buying their own home, because their monthly repayments for the term of the mortgage will repay both the interest and the capital.
So for example if all mortgage repayments are met on time then, upon completion of the mortgage term you will owe nothing more and the lender has no further legal charge over the property.
Monthly repayments are higher than they would be if you took out an interest only mortgage because you’re paying back both the interest and the capital sum that was loaned to you, and our free mortgage calculator shows you instantly what your monthly payments would be if you took out either a repayment mortgage or an interest only mortgage.
The information on this site is intended to be generic information and is not advice. If you need advice in relation to your mortgage needs, you should consult a professional mortgage advisor.