What this assumes
A repayment mortgage at one rate
The illustration holds the selected rate for the full term. Change the rate and years above to compare monthly payment, total interest and total repaid.
£500k mortgage
Monthly repayments on a £500k mortgage
30-year repayment
£500,000 at 4.89% · £454,214 total interest
The first 5 years£41,577 of the mortgage repaid
Check a home with this mortgage Payments over that period include £117,458 interest.
Illustrative only. Lenders assess income, spending, credit and property differently. Assumptions and sources.