Interest-only mortgage calculator

Interest-only mortgages let you pay just the interest each month, with the full loan repaid at the end of the term. Common for buy-to-let and some residential cases.

Loan amount

Interest rate

Term (for comparison)

years

Interest-only monthly cost

£875

Full repayment equivalent

£1,198

Capital and interest over the chosen term

Balance still owed at end of term

£200,000

You'll need a plan to repay this

Guide only. A guide only. With interest-only mortgages you still owe the original loan at the end of the term and must have a credible repayment vehicle. Lenders have strict criteria for interest-only residential mortgages. Speak to a qualified mortgage broker or adviser.

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