£380,000 Mortgage Repayments (2026)
A £380,000 repayment mortgage at 5% over 25 years costs £2,221 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% | £2,717 | £2,204 | £1,902 | £1,706 | £1,571 |
| 4% | £2,811 | £2,303 | £2,006 | £1,814 | £1,683 |
| 4.5% | £2,907 | £2,404 | £2,112 | £1,925 | £1,798 |
| 5% | £3,005 | £2,508 | £2,221 | £2,040 | £1,918 |
| 5.5% | £3,105 | £2,614 | £2,334 | £2,158 | £2,041 |
| 6% | £3,207 | £2,722 | £2,448 | £2,278 | £2,167 |
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 £380,000 mortgage?
At a 5% interest rate over 25 years, a £380,000 repayment mortgage costs £2,221 a month — £666,433 repaid in total over the term. At 4% the same mortgage is £2,006 a month, and stretching to 30 years at 5% lowers the payment to £2,040.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £380,000 at 5%, a 15-year term costs £3,005 a month (£540,903 total), while a 35-year term costs £1,918 a month but £805,482 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.