£370,000 Mortgage Repayments (2026)
A £370,000 repayment mortgage at 5% over 25 years costs £2,163 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% | £2,645 | £2,146 | £1,852 | £1,661 | £1,529 |
| 4% | £2,737 | £2,242 | £1,953 | £1,766 | £1,638 |
| 4.5% | £2,830 | £2,341 | £2,057 | £1,875 | £1,751 |
| 5% | £2,926 | £2,442 | £2,163 | £1,986 | £1,867 |
| 5.5% | £3,023 | £2,545 | £2,272 | £2,101 | £1,987 |
| 6% | £3,122 | £2,651 | £2,384 | £2,218 | £2,110 |
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 £370,000 mortgage?
At a 5% interest rate over 25 years, a £370,000 repayment mortgage costs £2,163 a month — £648,895 repaid in total over the term. At 4% the same mortgage is £1,953 a month, and stretching to 30 years at 5% lowers the payment to £1,986.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £370,000 at 5%, a 15-year term costs £2,926 a month (£526,669 total), while a 35-year term costs £1,867 a month but £784,285 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.