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United Kingdom Home Loan Calculator

Free United Kingdom mortgage payment calculator with country-specific defaults and clear step-by-step results.

About United Kingdom Home Loan Calculator

Estimates the monthly payment on a home loan from price, down payment, rate and term, plus the lifetime interest cost.

Formula

Formula

M = P × r / (1 − (1 + r)^−n)

Worked example

With the default values below, United Kingdom Home Loan Calculator returns Monthly Payment of £1,438.92. Change any input above and every figure here is recalculated in your browser.

Inputs used

Home Priceminimum 0 GBP
300,000 GBP
Down Paymentminimum 0 GBP
60,000 GBP
Annual Interest Rateaccepts 0–30 %
6 %
Loan Term (Years)accepts 1–50
30

Results

Monthly Payment
£1,438.92
Loan Amount
£240,000
Total Interest
£278,012

Step by step

  1. 1Values used
  2. 2Formula
  3. 3Monthly Payment= $1,438.92
  4. 4Loan Amount= $240,000
  5. 5Total Interest= $278,012

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or fees or charges into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Excludes property tax, insurance and fees — see the property-tax calculator for those costs.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Excludes property tax, insurance and fees — see the property-tax calculator for those costs.

Frequently Asked Questions

How does this calculator work?

Estimates the monthly payment on a home loan from price, down payment, rate and term, plus the lifetime interest cost.

Are the figures specific to United Kingdom?

Knowing the monthly payment and total interest before house-hunting keeps your budget realistic.

Related Calculators

United Kingdom specifics

Currency
£ GBPBritish Pound
Region
Europe
Country code
GB
Amounts look like
£1,234,567.89
Dates look like
9 Mar 2026
Units
metricWeek starts Monday

Results on this page are expressed in GBP (British Pound). Figures are estimates for general planning — confirm current rates and thresholds with the relevant United Kingdom authority before relying on them.

More United Kingdom calculators

All 37 United Kingdom calculators →

United Kingdom Home Loan Calculator | Calcrivo