£475,000 Mortgage Repayments (2026)
A £475,000 repayment mortgage at 5% over 25 years costs £2,777 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% | £3,396 | £2,755 | £2,378 | £2,133 | £1,963 |
| 4% | £3,514 | £2,878 | £2,507 | £2,268 | £2,103 |
| 4.5% | £3,634 | £3,005 | £2,640 | £2,407 | £2,248 |
| 5% | £3,756 | £3,135 | £2,777 | £2,550 | £2,397 |
| 5.5% | £3,881 | £3,267 | £2,917 | £2,697 | £2,551 |
| 6% | £4,008 | £3,403 | £3,060 | £2,848 | £2,708 |
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 £475,000 mortgage?
At a 5% interest rate over 25 years, a £475,000 repayment mortgage costs £2,777 a month — £833,041 repaid in total over the term. At 4% the same mortgage is £2,507 a month, and stretching to 30 years at 5% lowers the payment to £2,550.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £475,000 at 5%, a 15-year term costs £3,756 a month (£676,129 total), while a 35-year term costs £2,397 a month but £1,006,852 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.