You can use our interest only mortgage calculator to find out how much an interest only mortgage will cost you each month. If you have any other questions just get in touch with our advisors who will be happy to help!

How Much Will My Interest Only Mortgage Cost?

Interest only mortgages are an option if you are looking to minimize your monthly mortgage payments. You will, however, still need to pay off your full mortgage amount at the end of your mortgage term, so it is important you have a good plan in place to be able to afford this.

If you are considering an interest only mortgage, this mortgage calculator will work out how much the monthly interest payments are likely to cost you. Compare it to how much a repayment mortgage will cost you using our repayment mortgage calculator and ensure you read our guide about interest only mortgages before you make a final decision.

How to Use Interest Only Mortgage Calculator
  • Enter the loan amount you think you will be borrowing
  • Enter the interest rate you expect to pay (check out our best buy tables if you need an idea)
  • Calculate!
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