£260,000 Mortgage Repayments (2026)
A £260,000 repayment mortgage at 5% over 25 years costs £1,520 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% | £1,859 | £1,508 | £1,302 | £1,168 | £1,075 |
| 4% | £1,923 | £1,576 | £1,372 | £1,241 | £1,151 |
| 4.5% | £1,989 | £1,645 | £1,445 | £1,317 | £1,230 |
| 5% | £2,056 | £1,716 | £1,520 | £1,396 | £1,312 |
| 5.5% | £2,124 | £1,789 | £1,597 | £1,476 | £1,396 |
| 6% | £2,194 | £1,863 | £1,675 | £1,559 | £1,482 |
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 £260,000 mortgage?
At a 5% interest rate over 25 years, a £260,000 repayment mortgage costs £1,520 a month — £455,980 repaid in total over the term. At 4% the same mortgage is £1,372 a month, and stretching to 30 years at 5% lowers the payment to £1,396.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £260,000 at 5%, a 15-year term costs £2,056 a month (£370,091 total), while a 35-year term costs £1,312 a month but £551,119 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.