£360,000 Mortgage Repayments (2026)
A £360,000 repayment mortgage at 5% over 25 years costs £2,105 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% | £2,574 | £2,088 | £1,802 | £1,617 | £1,488 |
| 4% | £2,663 | £2,182 | £1,900 | £1,719 | £1,594 |
| 4.5% | £2,754 | £2,278 | £2,001 | £1,824 | £1,704 |
| 5% | £2,847 | £2,376 | £2,105 | £1,933 | £1,817 |
| 5.5% | £2,942 | £2,476 | £2,211 | £2,044 | £1,933 |
| 6% | £3,038 | £2,579 | £2,319 | £2,158 | £2,053 |
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 £360,000 mortgage?
At a 5% interest rate over 25 years, a £360,000 repayment mortgage costs £2,105 a month — £631,357 repaid in total over the term. At 4% the same mortgage is £1,900 a month, and stretching to 30 years at 5% lowers the payment to £1,933.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £360,000 at 5%, a 15-year term costs £2,847 a month (£512,434 total), while a 35-year term costs £1,817 a month but £763,088 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.