Find out what your Interest-Only monthly mortgage payment would be.

Use our interest-only mortgage calculator to estimate your monthly payments.

Enter the amount you want to borrow and the interest rate to estimate how much this will cost each month.

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Monthly Mortgage Payment

Monthly Cost Increase

Not what you expected? More than you'd hoped for?

This calculator is only a general guide. To get the best mortgage tailored to your needs, speak to one of our trained advisors today.

Interest-Only Mortgage Calculator FAQs

What is an Interest-Only Mortgage?

This type of mortgage means that you only pay back the monthly interest each month. You will still owe the full amount of the loan at the end of the term, and you will need to have a plan in place (which is acceptable to the lender) to pay this off.

Repayment vs. Interest Only

An Interest Only mortgage will cost less on a monthly basis than a Repayment mortgage, but it is worth considering which product is better for you in the long run as you will still need to pay back the principle debt at the end of the mortgage term on an Interest Only mortgage.

As a general principle, most residential mortgages are on a Repayment basis and most Buy to Let mortgages are Interest Only.

Your McRobieAdams adviser will be able to help here.