How much would I pay on a £200,000 mortgage?

Repayments, total interest and amortisation to borrow with confidence. Live rates starting at 4.08%.

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Check eligibility for a £200,000 mortgage

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years
1 - 14 of 1349
Name Product Initial rate Revert rate (SVR) Maximum LTV Cashback Apply link Initial payment
Barclays Mortgage 31/03/2029 Fixed
4.08% fixed until 31/03/2029
8.74% variable
60%
View details
£1,308.68
6.7% APRC
Nationwide BS 5 years Fixed
4.09% fixed for 5 years
7.99% variable
60%
View details
£1,309.71
6.2% APRC
Barclays Mortgage 31/03/2029 Fixed
4.09% fixed until 31/03/2029
8.74% variable
60%
View details
£1,309.71
6.8% APRC
CASHBACK
Lloyds Bank 31/05/2029 Fixed
4.13% fixed until 31/05/2029
8.74% variable
60%
View details
£1,313.87
6.7% APRC
CASHBACK
Nationwide BS 5 years Fixed
4.14% fixed for 5 years
7.99% variable
60%
Eligible customers can receive up to £500 cashback on completion. T&Cs apply.
View details
£1,314.91
6.2% APRC
CASHBACK
Nationwide BS 5 years Fixed
4.14% fixed for 5 years
7.99% variable
60%
Eligible customers can receive up to £500 cashback on completion. T&Cs apply.
View details
£1,314.91
6.2% APRC
HSBC 30/04/2029 Fixed
4.15% fixed until 30/04/2029
6.99% variable
60%
View details
£1,315.95
5.7% APRC
Santander 02/07/2029 Fixed
4.17% fixed until 02/07/2029
7.5% variable
60%
View details
£1,318.03
5.9% APRC
CASHBACK
Halifax 31/05/2029 Fixed
4.18% fixed until 31/05/2029
8.74% variable
60%
View details
£1,319.07
6.7% APRC
HSBC 30/04/2029 Fixed
4.18% fixed until 30/04/2029
6.99% variable
60%
View details
£1,319.07
5.7% APRC
Nationwide BS 5 years Fixed
4.19% fixed for 5 years
7.99% variable
60%
View details
£1,320.11
6.3% APRC
CASHBACK
Nationwide BS 5 years Fixed
4.19% fixed for 5 years
7.99% variable
60%
Eligible customers can receive up to £500 cashback on completion. T&Cs apply.
View details
£1,320.11
6.3% APRC
CASHBACK
Nationwide BS 5 years Fixed
4.19% fixed for 5 years
7.99% variable
60%
Eligible customers can receive up to £500 cashback on completion. T&Cs apply.
View details
£1,320.11
6.3% APRC
NatWest 30/06/2029 Fixed
4.2% fixed until 30/06/2029
8.24% variable
60%
View details
£1,321.16
6.4% APRC
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Overall representative example
If you borrow £178,000 over a 25-year term at 4.69% p.a. (fixed) for 60 months reverting to 8.24% p.a. (variable) for the remaining term, you would make 63 monthly payments of £1008.68 and 237 monthly payments of £1332.24. The total payable would be £380,252.72, which includes the interest of £201,288, valuation fees of £0 and a product fee of £495. The overall cost for comparison is 6.9% 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 £200,000 mortgage.

Monthly payments on a £200,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total £954.83 a month, while a 15-year term might cost £1,479.38 a month.

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

Your total interest on a £200,000 mortgage

On a 30-year mortgage with a 4% fixed interest rate, you’ll pay £143,739.38 in interest overall. That’s about two-thirds of what you borrowed in interest.

If you instead opt for a 15-year mortgage, you’ll pay £66,287.45 in interest overall – or about half of the interest you’d pay on a 30-year mortgage.

What is the total amount repayable?

When you take out a mortgage, you agree to pay the principal and interest over an agreed timeframe. 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 mortgage, a big percentage of your payment is applied to interest. With each subsequent payment, you pay more toward your balance.

Estimate your monthly repayments on a £200,000 mortgage at 4% fixed interest with our total amount repayable schedule over 15 and 30 years.

YearBeginning balanceMonthly paymentTotal interest paidTotal principal paidTotal paid throughout the yearRemaining balance
1£200,000.00£1,479.38£7,819.22£9,933.34£17,752.56£190,066.66
2£190,066.66£1,479.38£7,414.51£10,338.05£17,752.56£179,728.61
3£179,728.61£1,479.38£6,993.32£10,759.24£17,752.56£168,969.37
4£168,969.37£1,479.38£6,554.95£11,197.61£17,752.56£157,771.76
5£157,771.76£1,479.38£6,098.77£11,653.79£17,752.56£146,117.97
6£146,117.97£1,479.38£5,623.95£12,128.61£17,752.56£133,989.36
7£133,989.36£1,479.38£5,129.82£12,622.74£17,752.56£121,366.62
8£121,366.62£1,479.38£4,615.56£13,137.00£17,752.56£108,229.62
9£108,229.62£1,479.38£4,080.36£13,672.20£17,752.56£94,557.42
10£94,557.42£1,479.38£3,523.31£14,229.25£17,752.56£80,328.17
11£80,328.17£1,479.38£2,943.58£14,808.98£17,752.56£65,519.19
12£65,519.19£1,479.38£2,340.26£15,412.30£17,752.56£50,106.89
13£50,106.89£1,479.38£1,712.33£16,040.23£17,752.56£34,066.66
14£34,066.66£1,479.38£1,058.82£16,693.74£17,752.56£17,372.92
15£17,372.92£1,479.38£378.69£17,372.92£17,751.61£0.00
YearBeginning balanceMonthly paymentTotal interest paidTotal principal paidTotal paid throughout the yearRemaining balance
1£200,000.00£954.83£7,935.92£3,522.04£11,457.96£196,477.96
2£196,477.96£954.83£7,792.41£3,665.55£11,457.96£192,812.41
3£192,812.41£954.83£7,643.07£3,814.89£11,457.96£188,997.52
4£188,997.52£954.83£7,487.64£3,970.32£11,457.96£185,027.20
5£185,027.20£954.83£7,325.90£4,132.06£11,457.96£180,895.14
6£180,895.14£954.83£7,157.53£4,300.43£11,457.96£176,594.71
7£176,594.71£954.83£6,982.33£4,475.63£11,457.96£172,119.08
8£172,119.08£954.83£6,799.98£4,657.98£11,457.96£167,461.10
9£167,461.10£954.83£6,610.20£4,847.76£11,457.96£162,613.34
10£162,613.34£954.83£6,412.70£5,045.26£11,457.96£157,568.08
11£157,568.08£954.83£6,207.16£5,250.80£11,457.96£152,317.28
12£152,317.28£954.83£5,993.22£5,464.74£11,457.96£146,852.54
13£146,852.54£954.83£5,770.57£5,687.39£11,457.96£141,165.15
14£141,165.15£954.83£5,538.87£5,919.09£11,457.96£135,246.06
15£135,246.06£954.83£5,297.72£6,160.24£11,457.96£129,085.82
16£129,085.82£954.83£5,046.75£6,411.21£11,457.96£122,674.61
17£122,674.61£954.83£4,785.56£6,672.40£11,457.96£116,002.21
18£116,002.21£954.83£4,513.69£6,944.27£11,457.96£109,057.94
19£109,057.94£954.83£4,230.78£7,227.18£11,457.96£101,830.76
20£101,830.76£954.83£3,936.32£7,521.64£11,457.96£94,309.12
21£94,309.12£954.83£3,629.88£7,828.08£11,457.96£86,481.04
22£86,481.04£954.83£3,310.97£8,146.99£11,457.96£78,334.05
23£78,334.05£954.83£2,979.02£8,478.94£11,457.96£69,855.11
24£69,855.11£954.83£2,633.59£8,824.37£11,457.96£61,030.74
25£61,030.74£954.83£2,274.08£9,183.88£11,457.96£51,846.86
26£51,846.86£954.83£1,899.90£9,558.06£11,457.96£42,288.80
27£42,288.80£954.83£1,510.50£9,947.46£11,457.96£32,341.34
28£32,341.34£954.83£1,105.20£10,352.76£11,457.96£21,988.58
29£21,988.58£954.83£683.44£10,774.52£11,457.96£11,214.06
30£11,214.06£954.83£244.48£11,214.06£11,458.54£0.00
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