£290,000 Mortgage Repayments (2026)
A £290,000 repayment mortgage at 5% over 25 years costs £1,695 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% | £2,073 | £1,682 | £1,452 | £1,302 | £1,199 |
| 4% | £2,145 | £1,757 | £1,531 | £1,385 | £1,284 |
| 4.5% | £2,218 | £1,835 | £1,612 | £1,469 | £1,372 |
| 5% | £2,293 | £1,914 | £1,695 | £1,557 | £1,464 |
| 5.5% | £2,370 | £1,995 | £1,781 | £1,647 | £1,557 |
| 6% | £2,447 | £2,078 | £1,868 | £1,739 | £1,654 |
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 £290,000 mortgage?
At a 5% interest rate over 25 years, a £290,000 repayment mortgage costs £1,695 a month — £508,593 repaid in total over the term. At 4% the same mortgage is £1,531 a month, and stretching to 30 years at 5% lowers the payment to £1,557.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £290,000 at 5%, a 15-year term costs £2,293 a month (£412,794 total), while a 35-year term costs £1,464 a month but £614,710 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.