£480,000 Mortgage Repayments (2026)
A £480,000 repayment mortgage at 5% over 25 years costs £2,806 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% | £3,431 | £2,784 | £2,403 | £2,155 | £1,984 |
| 4% | £3,551 | £2,909 | £2,534 | £2,292 | £2,125 |
| 4.5% | £3,672 | £3,037 | £2,668 | £2,432 | £2,272 |
| 5% | £3,796 | £3,168 | £2,806 | £2,577 | £2,423 |
| 5.5% | £3,922 | £3,302 | £2,948 | £2,725 | £2,578 |
| 6% | £4,051 | £3,439 | £3,093 | £2,878 | £2,737 |
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 £480,000 mortgage?
At a 5% interest rate over 25 years, a £480,000 repayment mortgage costs £2,806 a month — £841,810 repaid in total over the term. At 4% the same mortgage is £2,534 a month, and stretching to 30 years at 5% lowers the payment to £2,577.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £480,000 at 5%, a 15-year term costs £3,796 a month (£683,246 total), while a 35-year term costs £2,423 a month but £1,017,450 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.