How much would I pay on a £650,000 mortgage?

Updated

Oct 12, 2022

Fact checked

1 - 20 of 1265

Name	Product	Initial rate	Revert rate (SVR)	Maximum LTV	Cashback	Apply link	Initial payment
Marsden Building Society 31/07/2025 Discounted Variable Marsden Building Society 31/07/2025 Discounted Variable First-time buyerHome moverRemortgaging		3.99% variable (SVR minus 4.25%) until 31/07/2025	8.24% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
Newbury Building Society 5 Years Discounted Variable Newbury Building Society 5 Years Discounted Variable First-time buyerHome moverRemortgaging		4.24% variable (SVR minus 2.01%) for 5 years	6.25% variable	75%		Check eligibility View details	£4,886.52 5.2% APRC	loading Fetching your data...
CASHBACK Lloyds Bank 31/08/2028 Fixed Lloyds Bank 31/08/2028 Fixed Remortgaging	CASHBACK	4.24% fixed until 31/08/2028	7.99% variable	75%	Eligible customers can receive up to £250 cashback on completion. T&Cs apply.	Check eligibility View details	£4,886.52 6% APRC	loading Fetching your data...
CASHBACK Lloyds Bank 31/08/2028 Fixed Lloyds Bank 31/08/2028 Fixed Remortgaging	CASHBACK	4.24% fixed until 31/08/2028	7.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
CASHBACK Lloyds Bank 31/08/2028 Fixed Lloyds Bank 31/08/2028 Fixed Remortgaging	CASHBACK	4.24% fixed until 31/08/2028	7.99% variable	60%	Eligible customers can receive up to £250 cashback on completion. T&Cs apply.	Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
CASHBACK Lloyds Bank 31/08/2028 Fixed Lloyds Bank 31/08/2028 Fixed Remortgaging	CASHBACK	4.24% fixed until 31/08/2028	7.99% variable	75%		Check eligibility View details	£4,886.52 6% APRC	loading Fetching your data...
CASHBACK Reliance Bank 30/09/2025 Fixed Reliance Bank 30/09/2025 Fixed First-time buyerHome moverRemortgaging	CASHBACK	4.25% fixed until 30/09/2025	7.5% variable	75%	Eligible customers can receive up to £850 cashback on completion. T&Cs apply.	Check eligibility View details	£4,889.81 6.7% APRC	loading Fetching your data...
CASHBACK Halifax 31/08/2033 Fixed Halifax 31/08/2033 Fixed First-time buyerHome mover	CASHBACK	4.28% fixed until 31/08/2033	7.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
Marsden Building Society 31/07/2025 Discounted Variable Marsden Building Society 31/07/2025 Discounted Variable First-time buyerHome moverRemortgaging		4.29% variable (SVR minus 3.95%) until 31/07/2025	8.24% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
CASHBACK Halifax 31/08/2028 Fixed Halifax 31/08/2028 Fixed Remortgaging	CASHBACK	4.29% fixed until 31/08/2028	7.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
CASHBACK Halifax 31/08/2028 Fixed Halifax 31/08/2028 Fixed Remortgaging	CASHBACK	4.29% fixed until 31/08/2028	7.99% variable	75%		Check eligibility View details	£4,902.98 6% APRC	loading Fetching your data...
Marsden Building Society 31/07/2025 Discounted Variable Marsden Building Society 31/07/2025 Discounted Variable First-time buyerHome moverRemortgaging		4.29% variable (SVR minus 3.95%) until 31/07/2025	8.24% variable	55%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
Chorley Building Society 2 Years Discounted Variable Chorley Building Society 2 Years Discounted Variable Remortgaging		4.3% variable (SVR minus 3.69%) for 2 years	7.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
Chorley Building Society 2 Years Discounted Variable Chorley Building Society 2 Years Discounted Variable First-time buyerHome moverRemortgaging		4.3% variable (SVR minus 3.69%) for 2 years	7.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 70% HSBC 31/08/2028 Fixed - Premier Standard 70% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	70%		Check eligibility View details	£4,909.57 5.5% APRC	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 60% HSBC 31/08/2028 Fixed - Premier Standard 60% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 70% HSBC 31/08/2028 Fixed - Premier Standard 70% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	70%		Check eligibility View details	£4,909.57 5.5% APRC	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 75% HSBC 31/08/2028 Fixed - Premier Standard 75% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	75%		Check eligibility View details	£4,909.57 5.5% APRC	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 75% HSBC 31/08/2028 Fixed - Premier Standard 75% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	75%		Check eligibility View details	£4,909.57 5.5% APRC	loading Fetching your data...
HSBC 31/08/2028 Fixed - Premier Standard 60% HSBC 31/08/2028 Fixed - Premier Standard 60% Remortgaging		4.31% fixed until 31/08/2028	6.99% variable	60%		Check eligibility View details	N/A Exceeds max. LTV	loading Fetching your data...

Mortgage providers

Aldermore

The Co-operative Bank

Halifax

HSBC

NatWest

Skipton Building Society

Santander

Virgin Money

A – Z list

Overall representative example
If you borrow £178,000 over a 25-year term at 4.56% p.a. (fixed) for 60 months reverting to 7.50% p.a. (variable) for the remaining term, you would make 60 monthly payments of £995.45 and 240 monthly payments of £1261.11. The total payable would be £362,773.40, which includes the interest of £184,393, valuation fees of £0 and a product fee of £0. The overall cost for comparison is 6.4% APRC representative.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

If you’re ready to buy a home, you might wonder how to budget for your target home cost. Here’s a breakdown of what you might face monthly in interest and over the life of a £650,000 mortgage.

Monthly payments on a £650,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total £3,103.20 a month, while a 15-year mortgage might cost £4,807.97 a month.

Note that your monthly mortgage payments will vary depending on your interest rate, taxes and PMI as well as on other related fees.

Interest	Mortgage term	Monthly payments
3.0%	15 years	£4,488.78
3.0%	30 years	£2,740.43
3.25%	15 years	£4,567.35
3.25%	30 years	£2,828.84
3.5%	15 years	£4,646.74
3.5%	30 years	£2,918.79
3.75%	15 years	£4,726.95
3.75%	30 years	£3,010.25
4.0%	15 years	£4,807.97
4.0%	30 years	£3,103.20
4.25%	15 years	£4,889.81
4.25%	30 years	£3,197.61
4.5%	15 years	£4,972.46
4.5%	30 years	£3,293.45
4.75%	15 years	£5,055.91
4.75%	30 years	£3,390.71
5.0%	15 years	£5,140.16
5.0%	30 years	£3,489.34
5.25%	15 years	£5,225.21
5.25%	30 years	£3,589.32
5.5%	15 years	£5,311.04
5.5%	30 years	£3,690.63

Your total interest on a £650,000 mortgage

On a 30-year mortgage with a 4% fixed interest rate, you’ll pay £467,151.56 in interest over the life of your loan. That’s about two-thirds of what you borrowed in interest.

If you instead opt for a 15-year mortgage, you’ll pay £215,434.96 in interest over the life of your loan – or about half of the interest you’d pay on a 30-year mortgage.

Interest	Mortgage term	Total interest charged
3.0%	15 years	£157,980.43
3.0%	30 years	£336,552.65
3.25%	15 years	£172,122.25
3.25%	30 years	£368,382.95
3.5%	15 years	£186,412.38
3.5%	30 years	£400,764.68
3.75%	15 years	£200,850.14
3.75%	30 years	£433,690.83
4.0%	15 years	£215,434.96
4.0%	30 years	£467,151.56
4.25%	15 years	£230,165.79
4.25%	30 years	£501,138.93
4.5%	15 years	£245,041.81
4.5%	30 years	£535,645.50
4.75%	15 years	£260,063.05
4.75%	30 years	£570,653.60
5.0%	15 years	£275,228.37
5.0%	30 years	£606,162.64
5.25%	15 years	£290,536.42
5.25%	30 years	£642,158.53
5.5%	15 years	£305,988.04
5.5%	30 years	£678,625.46

What is the total amount repayable?

When you take out a mortgage, you agree to pay the principal and interest over the life of the loan. Your interest rate is applied to your balance, and as you pay down your balance, the amount you pay in interest changes.

This means that at the beginning of your loan, a big percentage of your payment is applied to interest. With each subsequent payment, you pay more toward your balance.

Estimate your monthly loan repayments on a £650,000 mortgage at 4% fixed interest with our total amount repayable schedule over 15 and 30 years.

15-year loan
30-year loan

Year	Beginning balance	Monthly payment	Total interest paid	Total principal paid	Total paid throughout the year	Remaining balance
1	£650,000.00	£4,807.97	£25,412.41	£32,283.23	£57,695.64	£617,716.77
2	£617,716.77	£4,807.97	£24,097.15	£33,598.49	£57,695.64	£584,118.28
3	£584,118.28	£4,807.97	£22,728.27	£34,967.37	£57,695.64	£549,150.91
4	£549,150.91	£4,807.97	£21,303.66	£36,391.98	£57,695.64	£512,758.93
5	£512,758.93	£4,807.97	£19,820.98	£37,874.66	£57,695.64	£474,884.27
6	£474,884.27	£4,807.97	£18,277.94	£39,417.70	£57,695.64	£435,466.57
7	£435,466.57	£4,807.97	£16,671.99	£41,023.65	£57,695.64	£394,442.92
8	£394,442.92	£4,807.97	£15,000.61	£42,695.03	£57,695.64	£351,747.89
9	£351,747.89	£4,807.97	£13,261.16	£44,434.48	£57,695.64	£307,313.41
10	£307,313.41	£4,807.97	£11,450.85	£46,244.79	£57,695.64	£261,068.62
11	£261,068.62	£4,807.97	£9,566.72	£48,128.92	£57,695.64	£212,939.70
12	£212,939.70	£4,807.97	£7,605.89	£50,089.75	£57,695.64	£162,849.95
13	£162,849.95	£4,807.97	£5,565.16	£52,130.48	£57,695.64	£110,719.47
14	£110,719.47	£4,807.97	£3,441.28	£54,254.36	£57,695.64	£56,465.11
15	£56,465.11	£4,807.97	£1,230.89	£56,465.11	£57,696.00	£0.00

Year	Beginning balance	Monthly payment	Total interest paid	Total principal paid	Total paid throughout the year	Remaining balance
1	£650,000.00	£3,103.20	£25,791.65	£11,446.75	£37,238.40	£638,553.25
2	£638,553.25	£3,103.20	£25,325.29	£11,913.11	£37,238.40	£626,640.14
3	£626,640.14	£3,103.20	£24,839.94	£12,398.46	£37,238.40	£614,241.68
4	£614,241.68	£3,103.20	£24,334.80	£12,903.60	£37,238.40	£601,338.08
5	£601,338.08	£3,103.20	£23,809.11	£13,429.29	£37,238.40	£587,908.79
6	£587,908.79	£3,103.20	£23,261.95	£13,976.45	£37,238.40	£573,932.34
7	£573,932.34	£3,103.20	£22,692.56	£14,545.84	£37,238.40	£559,386.50
8	£559,386.50	£3,103.20	£22,099.89	£15,138.51	£37,238.40	£544,247.99
9	£544,247.99	£3,103.20	£21,483.15	£15,755.25	£37,238.40	£528,492.74
10	£528,492.74	£3,103.20	£20,841.25	£16,397.15	£37,238.40	£512,095.59
11	£512,095.59	£3,103.20	£20,173.24	£17,065.16	£37,238.40	£495,030.43
12	£495,030.43	£3,103.20	£19,477.95	£17,760.45	£37,238.40	£477,269.98
13	£477,269.98	£3,103.20	£18,754.38	£18,484.02	£37,238.40	£458,785.96
14	£458,785.96	£3,103.20	£18,001.29	£19,237.11	£37,238.40	£439,548.85
15	£439,548.85	£3,103.20	£17,217.55	£20,020.85	£37,238.40	£419,528.00
16	£419,528.00	£3,103.20	£16,401.87	£20,836.53	£37,238.40	£398,691.47
17	£398,691.47	£3,103.20	£15,552.96	£21,685.44	£37,238.40	£377,006.03
18	£377,006.03	£3,103.20	£14,669.47	£22,568.93	£37,238.40	£354,437.10
19	£354,437.10	£3,103.20	£13,749.98	£23,488.42	£37,238.40	£330,948.68
20	£330,948.68	£3,103.20	£12,793.03	£24,445.37	£37,238.40	£306,503.31
21	£306,503.31	£3,103.20	£11,797.06	£25,441.34	£37,238.40	£281,061.97
22	£281,061.97	£3,103.20	£10,760.55	£26,477.85	£37,238.40	£254,584.12
23	£254,584.12	£3,103.20	£9,681.80	£27,556.60	£37,238.40	£227,027.52
24	£227,027.52	£3,103.20	£8,559.12	£28,679.28	£37,238.40	£198,348.24
25	£198,348.24	£3,103.20	£7,390.67	£29,847.73	£37,238.40	£168,500.51
26	£168,500.51	£3,103.20	£6,174.64	£31,063.76	£37,238.40	£137,436.75
27	£137,436.75	£3,103.20	£4,909.03	£32,329.37	£37,238.40	£105,107.38
28	£105,107.38	£3,103.20	£3,591.90	£33,646.50	£37,238.40	£71,460.88
29	£71,460.88	£3,103.20	£2,221.07	£35,017.33	£37,238.40	£36,443.55
30	£36,443.55	£3,103.20	£794.41	£36,443.55	£37,237.96	£0.00

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Thank you for your feedback!

Matthew Boyle

twitter linkedin

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.

How much would I pay on a £700,000 mortgage?How much would I pay on a £600,000 mortgage?

More guides on Finder

Mondu review June 2023
We take a closer look at the B2B buy now pay later services on offer with Mondu.
Sainsbury’s Bank Everyday Credit Card review 2023
We explore how the Sainsbury’s Bank Everyday credit card lets you earn Nectar points as you spend.
UK small business statistics 2023
How to buy Arbitrum (ARB) in the UK
This guide provides step-by-step instructions on how to buy Arbitrum, lists some exchanges where you can get it and provides daily price data on (ARB).
Winners of the Finder Lending Innovation Awards 2023 announced
Now in their third year, these awards recognise the credit, loans, mortgage and BNPL providers displaying the best innovations in their field.
Winners of the Finder Lending Innovation Awards 2023 revealed!
The winners of the Finder Lending Innovation Awards 2023 have been announced, find out who won across seven categories here.
Finder Lending Innovation Awards 2023
Find out the winners and highly commended brands in the Finder Lending Innovation Awards 2023. The best lending innovation in the UK!
How to buy Sui (SUI) in the UK
This guide provides step-by-step instructions on how to buy Sui, lists some exchanges where you can get it and provides daily price data on (SUI).
How to buy SSV Network in the UK
This guide provides step-by-step instructions on how to buy SSV Network, lists some exchanges where you can get it and provides daily price data on (SSV).
How to buy USDD in the UK
This guide provides step-by-step instructions on how to buy USDD, lists some exchanges where you can get it and provides daily price data on (USDD).

Ask an Expert

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

How much would I pay on a £650,000 mortgage?

Learn about repayments, total interest and amortisation, so you can borrow with confidence.

Check eligibility for a £650,000 mortgage

Check eligibility for a £650,000 mortgage

Mortgage providers

Monthly payments on a £650,000 mortgage

Your total interest on a £650,000 mortgage

What is the total amount repayable?

Matthew Boyle

More guides on Finder

Ask an Expert

How much would I pay on a £650,000 mortgage?

Learn about repayments, total interest and amortisation, so you can borrow with confidence.

Check eligibility for a £650,000 mortgage

Check eligibility for a £650,000 mortgage

Mortgage providers

Monthly payments on a £650,000 mortgage

See your monthly payments by interest rate.

Your total interest on a £650,000 mortgage

See how much you'd pay in total interest based on the interest rate.

What is the total amount repayable?

Matthew Boyle

More guides on Finder

Ask an Expert

Advertiser Disclosure