£300,000 mortgage: monthly repayments
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A £300,000 repayment mortgage over 25 years at 4.5% costs £1,667.50 a month. The table shows the monthly repayment for each rate and term.
| Rate | 20 years | 25 years | 30 years | 35 years |
|---|---|---|---|---|
| 3.5% | £1,740 | £1,502 | £1,347 | £1,240 |
| 3.75% | £1,779 | £1,542 | £1,389 | £1,284 |
| 4% | £1,818 | £1,584 | £1,432 | £1,328 |
| 4.25% | £1,858 | £1,625 | £1,476 | £1,374 |
| 4.5% | £1,898 | £1,667 | £1,520 | £1,420 |
| 4.75% | £1,939 | £1,710 | £1,565 | £1,467 |
| 5% | £1,980 | £1,754 | £1,610 | £1,514 |
| 5.5% | £2,064 | £1,842 | £1,703 | £1,611 |
| 6% | £2,149 | £1,933 | £1,799 | £1,711 |
Capital and interest repayment mortgage, fixed rate for the whole term, before fees.
Calculate with your deposit and stamp duty
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Monthly payment
£1,667.50
- Mortgage amount
- £300,000
- Loan to value
- 85%
- Total interest
- £200,249
- Stamp Duty (SDLT)
- £2,650
Year-by-year balance (repayment mortgage)
| Year | Interest | Capital repaid | Balance |
|---|---|---|---|
| 1 | £13,364 | £6,646 | £293,354 |
| 2 | £13,059 | £6,951 | £286,403 |
| 3 | £12,739 | £7,271 | £279,132 |
| 4 | £12,405 | £7,605 | £271,528 |
| 5 | £12,056 | £7,954 | £263,574 |
| 6 | £11,691 | £8,319 | £255,254 |
| 7 | £11,308 | £8,702 | £246,553 |
| 8 | £10,909 | £9,101 | £237,451 |
| 9 | £10,491 | £9,519 | £227,932 |
| 10 | £10,053 | £9,957 | £217,975 |
| 11 | £9,596 | £10,414 | £207,561 |
| 12 | £9,117 | £10,893 | £196,668 |
| 13 | £8,617 | £11,393 | £185,275 |
| 14 | £8,094 | £11,916 | £173,359 |
| 15 | £7,546 | £12,464 | £160,895 |
| 16 | £6,974 | £13,036 | £147,859 |
| 17 | £6,375 | £13,635 | £134,223 |
| 18 | £5,748 | £14,262 | £119,962 |
| 19 | £5,093 | £14,917 | £105,045 |
| 20 | £4,408 | £15,602 | £89,443 |
| 21 | £3,691 | £16,319 | £73,124 |
| 22 | £2,941 | £17,069 | £56,055 |
| 23 | £2,157 | £17,853 | £38,202 |
| 24 | £1,337 | £18,673 | £19,530 |
| 25 | £479 | £19,530 | £0 |
Monthly payment
Frequently asked questions
How much is a £300,000 mortgage per month?
Over 25 years at 4.5%, a £300,000 repayment mortgage costs £1,667.50 a month, with £200,249 of interest over the term. On an interest-only basis the payment would be £1,125.00 a month.
What salary do I need for a £300,000 mortgage?
Most lenders cap borrowing at around 4 to 4.5 times household income, so a £300,000 mortgage typically needs a household income of about £67,000 to £75,000, subject to the lender’s affordability checks.