See the monthly repayments on a £550,000 mortgage. This tool will show you the monthly repayments for a variety of top rates and terms, but can't tell you if you’re eligible for them – our experts can check that for you later.
Capital + interest: you pay off part of your mortgage each month, and interest on top. By the end of your mortgage term, your loan will be paid off in full.
Interest only: you only pay interest on your mortgage each month, but none of the mortgage debt itself. At the end of your term, you'll have to pay it off in full.
Your Loan to Value (LTV) would be 80% with a deposit of £40,000.
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