£950,000 Mortgage Repayments (2026)
A £950,000 repayment mortgage at 5% over 25 years costs £5,554 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% | £6,791 | £5,510 | £4,756 | £4,266 | £3,926 |
| 4% | £7,027 | £5,757 | £5,014 | £4,535 | £4,206 |
| 4.5% | £7,267 | £6,010 | £5,280 | £4,814 | £4,496 |
| 5% | £7,513 | £6,270 | £5,554 | £5,100 | £4,795 |
| 5.5% | £7,762 | £6,535 | £5,834 | £5,394 | £5,102 |
| 6% | £8,017 | £6,806 | £6,121 | £5,696 | £5,417 |
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 £950,000 mortgage?
At a 5% interest rate over 25 years, a £950,000 repayment mortgage costs £5,554 a month — £1,666,082 repaid in total over the term. At 4% the same mortgage is £5,014 a month, and stretching to 30 years at 5% lowers the payment to £5,100.
How does the term length change the cost?
Longer terms cut the monthly payment but increase the total interest dramatically. On £950,000 at 5%, a 15-year term costs £7,513 a month (£1,352,257 total), while a 35-year term costs £4,795 a month but £2,013,704 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.