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 provides free mortgage research and calculators. If you want personalised advice, we can introduce you to an FCA-authorised mortgage broker. We do not provide regulated mortgage advice ourselves.
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.
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