Calculator
Interest-only and repayment
The lower payment does not reduce the loan. Change the rate yourself. Nothing here is a product.
Same loan, two shapes
Repayment
£1,389.58
a month, balance paid off if every payment is made. Total interest £166,874.
Interest-only
£937.50
a month, and the £250,000 is still owed at the end. Nothing in this lower payment clears the loan.
MortgageConnector is a mortgage broker introducer and information service. We do not provide regulated mortgage advice. Where appropriate, we can introduce you to an FCA-authorised mortgage broker who can assess your circumstances and provide advice.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
These figures are illustrative.
An FCA-authorised broker can look at the actual income, credit and property. MortgageConnector introduces you. We do not choose the mortgage.
Find a broker