£230,000 Mortgage Repayments (2026)
A £230,000 repayment mortgage at 5% over 25 years costs £1,345 a month. The table below covers rates from 3.5% to 6% and terms from 15 to 35 years.
| Rate | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|
| 3.5% | £1,644 | £1,334 | £1,151 | £1,033 | £951 |
| 4% | £1,701 | £1,394 | £1,214 | £1,098 | £1,018 |
| 4.5% | £1,759 | £1,455 | £1,278 | £1,165 | £1,088 |
| 5% | £1,819 | £1,518 | £1,345 | £1,235 | £1,161 |
| 5.5% | £1,879 | £1,582 | £1,412 | £1,306 | £1,235 |
| 6% | £1,941 | £1,648 | £1,482 | £1,379 | £1,311 |
Different amount or rate? Use the mortgage repayment calculator.
How it's worked out
Figures use the standard repayment-mortgage formula (capital and interest, equal monthly payments): payment = loan × monthly rate ÷ (1 − (1 + monthly rate)−months). They assume the rate stays the same for the whole term — in practice you'll re-fix every few years. Product fees, valuation fees and overpayments are not included.
FAQ
What are the monthly repayments on a £230,000 mortgage?
At a 5% interest rate over 25 years, a £230,000 repayment mortgage costs £1,345 a month — £403,367 repaid in total over the term. At 4% the same mortgage is £1,214 a month, and stretching to 30 years at 5% lowers the payment to £1,235.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £230,000 at 5%, a 15-year term costs £1,819 a month (£327,389 total), while a 35-year term costs £1,161 a month but £487,528 in total — the longer term repays far more interest for the same loan.
Are these figures exact quotes?
No — they are standard repayment-mortgage arithmetic (capital and interest, fixed rate for the whole term) to help you budget. A real offer depends on your deal period, fees, loan-to-value and credit profile, and rates change when a fixed deal ends. Interest-only mortgages cost less per month but repay none of the capital.