Compare capital-repayment and interest-only mortgages or model a personal loan with overpayments, yearly summaries, and a bounded monthly schedule.
Step 1
Step 2
Compare a second deposit, rate and term using the same repayment type and overpayments.
Repayment estimate
Scheduled payment £1,334.00.
Cost breakdown
Overpayment comparison
Mortgage comparison
Alternative borrowing: £240,000.00 at 5.5% for 25 years.
Differences exclude arrangement, valuation, legal, broker, exit and early repayment fees. This is not a lender recommendation or switching quote.
Annual summary
| Year | Opening | Interest | Principal | Overpayment | Paid | Closing |
|---|---|---|---|---|---|---|
| 1 | £240,000.00 | £10,691.23 | £5,316.75 | £0.00 | £16,008.00 | £234,683.26 |
| 2 | £234,683.26 | £10,446.97 | £5,561.01 | £0.00 | £16,008.00 | £229,122.26 |
| 3 | £229,122.26 | £10,191.52 | £5,816.47 | £0.00 | £16,008.00 | £223,305.80 |
| 4 | £223,305.80 | £9,924.31 | £6,083.66 | £0.00 | £16,008.00 | £217,222.12 |
| 5 | £217,222.12 | £9,644.82 | £6,363.15 | £0.00 | £16,008.00 | £210,858.97 |
| 6 | £210,858.97 | £9,352.51 | £6,655.48 | £0.00 | £16,008.00 | £204,203.49 |
| 7 | £204,203.49 | £9,046.74 | £6,961.23 | £0.00 | £16,008.00 | £197,242.26 |
| 8 | £197,242.26 | £8,726.95 | £7,281.04 | £0.00 | £16,008.00 | £189,961.23 |
| 9 | £189,961.23 | £8,392.46 | £7,615.50 | £0.00 | £16,008.00 | £182,345.72 |
| 10 | £182,345.72 | £8,042.61 | £7,965.37 | £0.00 | £16,008.00 | £174,380.35 |
| 11 | £174,380.35 | £7,676.69 | £8,331.30 | £0.00 | £16,008.00 | £166,049.05 |
| 12 | £166,049.05 | £7,293.93 | £8,714.03 | £0.00 | £16,008.00 | £157,335.01 |
| 13 | £157,335.01 | £6,893.62 | £9,114.35 | £0.00 | £16,008.00 | £148,220.65 |
| 14 | £148,220.65 | £6,474.91 | £9,533.07 | £0.00 | £16,008.00 | £138,687.58 |
| 15 | £138,687.58 | £6,036.96 | £9,971.03 | £0.00 | £16,008.00 | £128,716.56 |
| 16 | £128,716.56 | £5,578.88 | £10,429.08 | £0.00 | £16,008.00 | £118,287.47 |
| 17 | £118,287.47 | £5,099.78 | £10,908.20 | £0.00 | £16,008.00 | £107,379.28 |
| 18 | £107,379.28 | £4,598.65 | £11,409.31 | £0.00 | £16,008.00 | £95,969.96 |
| 19 | £95,969.96 | £4,074.52 | £11,933.43 | £0.00 | £16,008.00 | £84,036.50 |
| 20 | £84,036.50 | £3,526.31 | £12,481.69 | £0.00 | £16,008.00 | £71,554.82 |
| 21 | £71,554.82 | £2,952.90 | £13,055.08 | £0.00 | £16,008.00 | £58,499.74 |
| 22 | £58,499.74 | £2,353.13 | £13,654.81 | £0.00 | £16,008.00 | £44,844.90 |
| 23 | £44,844.90 | £1,725.84 | £14,282.13 | £0.00 | £16,008.00 | £30,562.77 |
| 24 | £30,562.77 | £1,069.73 | £14,938.24 | £0.00 | £16,008.00 | £15,624.51 |
| 25 | £15,624.51 | £383.45 | £15,624.50 | £0.00 | £16,008.00 | £0.00 |
Payment schedule
Showing the first 12 of 300 modelled payments.
| Payment | Opening | Interest | Principal | Overpayment | Total | Closing |
|---|---|---|---|---|---|---|
| 1 | £240,000.00 | £900.00 | £434.00 | £0.00 | £1,334.00 | £239,566.00 |
| 2 | £239,566.00 | £898.37 | £435.63 | £0.00 | £1,334.00 | £239,130.38 |
| 3 | £239,130.38 | £896.74 | £437.26 | £0.00 | £1,334.00 | £238,693.12 |
| 4 | £238,693.12 | £895.10 | £438.90 | £0.00 | £1,334.00 | £238,254.22 |
| 5 | £238,254.22 | £893.45 | £440.54 | £0.00 | £1,334.00 | £237,813.67 |
| 6 | £237,813.67 | £891.80 | £442.20 | £0.00 | £1,334.00 | £237,371.48 |
| 7 | £237,371.48 | £890.14 | £443.85 | £0.00 | £1,334.00 | £236,927.62 |
| 8 | £236,927.62 | £888.48 | £445.52 | £0.00 | £1,334.00 | £236,482.10 |
| 9 | £236,482.10 | £886.81 | £447.19 | £0.00 | £1,334.00 | £236,034.91 |
| 10 | £236,034.91 | £885.13 | £448.87 | £0.00 | £1,334.00 | £235,586.05 |
| 11 | £235,586.05 | £883.45 | £450.55 | £0.00 | £1,334.00 | £235,135.50 |
| 12 | £235,135.50 | £881.76 | £452.24 | £0.00 | £1,334.00 | £234,683.26 |
Assumptions and sources
This educational estimate is not regulated personalised financial advice. A lender's offer, APR/APRC disclosure, payment timing and rounding can produce different results.
Privacy: property, mortgage and loan values are calculated in this browser. Tool Teaze does not upload, store or track the financial values you enter.
This UK mortgage and personal-loan calculator estimates monthly payments, lifetime interest, total cost, overpayment savings, remaining capital, annual totals, and a monthly amortisation schedule.
Input: £300,000 property, £60,000 deposit, 4.5% rate over 25 years
Output: An estimated monthly repayment with total interest, overpayment comparison, and amortisation schedule
Capital repayments use the standard monthly amortisation formula with the entered nominal annual rate divided across 12 compounding periods. Zero-interest borrowing is divided evenly. The final instalment is corrected to avoid a negative balance.
A capital-repayment mortgage pays interest and reduces capital each month. An interest-only mortgage normally pays only interest, leaving the capital due at the end unless explicit overpayments reduce it. You need a separate credible repayment plan for any remaining capital.
Loan-to-value (LTV) is the mortgage amount divided by the property value, expressed as a percentage. A larger deposit generally produces a lower LTV, but this calculator does not recommend or price lender products.
No. The calculator models the editable nominal annual rate as constant. APR and mortgage APRC can reflect charges and assumptions that this estimate does not model. Arrangement, valuation, legal, broker, exit, insurance, and early repayment fees are excluded.
Not necessarily. Lender limits and early repayment charges vary by contract. The calculator shows mathematical savings before charges; check your agreement or ask the lender before making an overpayment.
No. It is an educational estimate, not a lender quote, product recommendation, affordability assessment, or regulated personalised financial advice.
Yes. Calculations run locally in your browser. Tool Teaze does not upload, store, or track the property, mortgage, or loan values you enter.