Mortgage interest calculator
If you’ve already got a mortgage, or are just about to take one out, you may be wondering what impact a change in interest rates could have. Whilst interest rates are notoriously difficult to forecast, it can be useful to understand what would happen to your payments if rates do change in the future.
Mortgage interest rate calculator
Our mortgage interest rates calculator will help you work out how changes in interest rates affect your monthly mortgage payments and understand the impact it could have on your finances.
How to use the calculator
To use our mortgage interest calculator, simply enter a few details about your mortgage. You’ll need to know your loan amount and your mortgage term. We’ve set the current interest rate and predicted change to rates we think are realistic, but you can change this to suit you. If you have a repayment mortgage select ‘repayment mortgage’ for the mortgage type, then hit ‘calculate’ and we’ll do the hard work for you to find out how much your monthly repayments are likely to change. If you want to use it as an interest only mortgage calculator, select the interest only option for mortgage type. Again, we’ll use our data to predict how much your monthly payments will change.
If you complete on a mortgage through L&C, L&C will be paid a commission by the chosen lender. L&C will share a percentage of this commission with the referring third party. The commission L&C receives doesn't affect the product or rate recommended to you.