Find out your monthly mortgage payments and total costs with our calculator. Enter your house price, deposit, and loan details to see if a mortgage fits your budget.
Put in your target house price and deposit amount. The calculator shows how much you need to borrow and your monthly payment.
Change the mortgage term (how many years to pay) and interest rate to see different options. Longer terms mean smaller monthly payments but more interest over time. Shorter terms cost more each month but less overall.
Amount to Borrow: House price minus your deposit
Monthly Payment: What you pay each month for principal and interest
Total Interest: Extra money you pay to borrow
Loan-to-Value: How much you borrow compared to the house value
A lower loan-to-value ratio often gets you better interest rates. Most banks like this number to be 80% or less.
The graphs show how interest rates affect your payments. Even small rate changes can cost or save you thousands over many years.
The payment table breaks down each month. Early on, most of your payment goes to interest. Later, more goes toward paying off the loan amount.
Try different options to find what works best:
Bigger deposits usually mean better rates and lower payments
Shorter loans cost less overall but more each month
Shopping for rates can save big money over time
Think about all your costs when buying a house. You need money for moving, repairs, and emergencies too.
This calculator gives you good estimates for planning. But banks also look at your credit score, job history, and other debts before approving a loan.
Use these numbers when you talk to mortgage lenders or brokers. They can show you real loan options and help you get good rates.