£470,000 Mortgage Repayments (2026)
A £470,000 repayment mortgage at 5% over 25 years costs £2,748 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% | £3,360 | £2,726 | £2,353 | £2,111 | £1,942 |
| 4% | £3,477 | £2,848 | £2,481 | £2,244 | £2,081 |
| 4.5% | £3,595 | £2,973 | £2,612 | £2,381 | £2,224 |
| 5% | £3,717 | £3,102 | £2,748 | £2,523 | £2,372 |
| 5.5% | £3,840 | £3,233 | £2,886 | £2,669 | £2,524 |
| 6% | £3,966 | £3,367 | £3,028 | £2,818 | £2,680 |
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 £470,000 mortgage?
At a 5% interest rate over 25 years, a £470,000 repayment mortgage costs £2,748 a month — £824,272 repaid in total over the term. At 4% the same mortgage is £2,481 a month, and stretching to 30 years at 5% lowers the payment to £2,523.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £470,000 at 5%, a 15-year term costs £3,717 a month (£669,011 total), while a 35-year term costs £2,372 a month but £996,253 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.