A semi-detached house with a front garden
What would a mortgage cost you each month?
Put in a price, a deposit, a term and see the repayment straight away. Nothing is saved and nobody calls you.
10% of the price. Drag the bar to set a percentage instead.
Illustrative. Your lender's rate will differ.
Monthly repayment
£1,315
Amount borrowed
£225,000
Total repaid over 25 years
£394,598
Of the total repaid: £225,000 is the loan£169,598 is interest (43%)
A repayment mortgage, interest fixed for the whole term, no fees. Real mortgages vary; this is to help you compare, not to tell you what you can borrow. JP Listings does not give financial advice.
Questions about mortgages
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A loan used to buy a home, secured against the home itself. You pay it back monthly over a fixed number of years, with interest. If you stop paying, the lender can take the property, which is why the lender checks carefully what you can afford before agreeing one.
Most lenders will lend around four to four and a half times your yearly income before tax, sometimes more, less if you have big commitments like childcare or loans. A mortgage broker or a lender's own calculator will give you a proper figure; this page only shows what a given loan would cost.
Usually at least 5% of the price, and the more you put down the better the interest rate you will be offered. 10% is common, and 15% or more usually unlocks the best rates.
A lender's written indication of how much they would probably lend you, based on a quick check. It is not a guarantee, but sellers on JP Listings often ask to see one before a viewing, so it is worth getting early.
No. We do not give financial advice or recommend lenders. This calculator is for comparing numbers. For advice, speak to a regulated mortgage broker.