Find out what your mortgage could really cost.
Use our free mortgage calculator with live rates from 100+ lenders. See what your monthly payments could look like before you start house hunting.
What could you afford?
Illustrative example only
Illustrative only. Your actual payments depend on your circumstances.
Mortgage calculator
Enter your property price, deposit, and preferred term to see what your monthly payments could look like. Rates are live and updated regularly.
For illustration purposes only. Results do not constitute a mortgage offer or personal recommendation. Actual rates depend on your circumstances, credit history, and lender criteria.
What the numbers mean
Here's how to read your calculator results and what to look for.
Monthly payment
What you would pay each month based on the property price, deposit, and term you entered. This is the figure that needs to fit your budget.
Total cost
The full amount you would repay over the mortgage term, including all interest. Useful for comparing different deals side by side.
Interest rate
The annual rate you would pay on the loan. Fixed rates give you certainty for a set period. Variable rates can move up or down.
What to do next
Found a deal that works? Get a free personalised quote. Your adviser will find the best mortgage for your exact situation.
Five reasons to run the numbers first
Buying a property is a big decision. Here's why checking the numbers early matters.
Know what you can afford
Before you start viewing properties, see what different price ranges would actually cost you each month. Set a realistic budget and search with confidence.
Compare fixed vs variable
Fixed rates give you certainty. Variable rates can be cheaper at first but may change. The calculator lets you compare both so you can decide what suits you best.
See the impact of your deposit
A bigger deposit usually means better rates and lower monthly payments. Try different deposit amounts to see how they change the figures.
Understand the true cost
Monthly payments are just one part. The calculator shows the total amount you would repay over the full term, so you can see the real cost of borrowing.
Prepare for your application
Knowing your numbers gives you a head start. When you move to a full quote, your adviser can find the right deal faster because you already know what works for you.
From calculator to keys in hand
Liked what the calculator showed you? Here's what happens next.
Try the calculator
Enter your property price, deposit, and preferred term. See live rates and monthly payments instantly. Free, no sign-up, no credit check.
FreeGet your free quote
Ready to go further? Answer a few quick questions and Albot will search 100+ lenders to find your best mortgage options.
90 secondsAdviser handles it all
A qualified adviser from Loan.co.uk reviews everything with you and manages your full mortgage application through to completion.
FCA regulatedMortgage calculator questions
Everything you need to know about using the calculator and getting a mortgage.
How accurate is this calculator?
The calculator uses live rates from real lenders, so the figures are a strong indication of what's available. Your actual rate will depend on your individual circumstances, including your credit history, income, deposit size, and the property itself. For an exact quote tailored to your situation, use our free quote tool.
How much deposit do I need?
Most lenders require a minimum of 5% of the property price as a deposit, though 10% or more will typically unlock better rates. The more you can put down, the lower your loan-to-value ratio, which usually means better deals. Try different deposit amounts in the calculator to see how it affects your payments.
Will using the calculator affect my credit score?
No. The calculator does not run any credit checks. It uses the information you enter to estimate payments based on current market rates. Even when you move to the personalised quote stage, Albot uses a soft search that does not appear on your credit file.
Should I choose a fixed or variable rate?
Fixed rates give you certainty: your payments stay the same for a set period (usually 2 or 5 years), making budgeting easier. Variable and tracker rates can be lower initially but may go up or down with market changes. Most first-time buyers and home movers choose fixed rates for the security. Your adviser will help you weigh up the options.
How much can I borrow?
Most lenders will let you borrow 4 to 4.5 times your annual income, though some go higher depending on your circumstances. The calculator focuses on monthly payments rather than maximum borrowing, which is a better way to check affordability. Your adviser will assess your full borrowing capacity during the quote process.
What other costs should I budget for?
Beyond your monthly mortgage payment, budget for stamp duty (if applicable), solicitor fees, survey costs, and a valuation fee. Some lenders offer free valuations as part of their deal. You will also need buildings insurance from the day you exchange. Your adviser will walk you through all the costs so there are no surprises.
Can I get a mortgage with a less-than-perfect credit history?
It depends on the type and severity of the credit issue. Minor blips, such as a late payment, are often accepted by mainstream lenders. More significant issues may require a specialist lender, where rates will typically be higher, but options often exist. Albot searches across both mainstream and specialist lenders to find the best match for your situation.
Ready to get a personalised quote?
The calculator gives you the big picture. A free quote gives you the exact deal for your situation, with an expert adviser to handle everything from application to completion.
Get my free quoteRepresentative Example (Residential Mortgage)
A repayment mortgage of £200,000 payable over 25 years on a fixed rate of 4.59% for 2 years, then reverting to the lender's standard variable rate of 7.99%, would require 24 monthly payments of £1,113.40 followed by 276 monthly payments of £1,458.29. The total amount payable would be £430,208.84 made up of the loan amount plus interest of £229,508.84 and fees of £700. The overall cost for comparison is 7.8% APRC representative. This means 51% or more of customers receive this rate or better for this type of product.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Calculator results are for illustration purposes only and do not constitute a mortgage offer or personal recommendation. Actual rates depend on your circumstances, credit history, and lender criteria.
Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability checks and lender criteria.