Use our mortgage calculator to see what your monthly mortgage payments will be based on different interest rates and repayment periods. You can also see how much interest you pay overall, your total mortgage payment and calculate your mortgage repayments for the year.
How to Use the Good Money Guide Mortgage Calculator
The Good Money Guide mortgage calculator UK is a powerful all-in-one tool that combines the best features of the Halifax mortgage repayment calculator, HSBC mortgage calculator, Nationwide mortgage calculator, and others. Whether you’re a first-time buyer, landlord, or remortgaging, it helps you calculate repayments, compare mortgage rates, explore overpayments, and estimate affordability.
Buying a property or refinancing your home can be confusing, but using a mortgage calculator helps you make informed decisions. The Good Money Guide mortgage calculator UK allows you to estimate your monthly mortgage repayments, see how much interest you’ll pay, and explore different loan terms and interest rates. Whether you need a mortgage repayment calculator, buy to let mortgage calculator, or mortgage overpayment calculator, this tool gives you clear, instant results.
1. What the UK Mortgage Calculator Does
A mortgage calculator (or mortgage repayment calculator UK) lets you input the property price, deposit, interest rate, and term to calculate your monthly mortgage payment. It’s similar to tools like the Halifax mortgage calculator, Nationwide mortgage calculator, HSBC mortgage calculator, or Santander mortgage calculator, but it combines the features of many lenders into one easy-to-use tool.
You can use it for:
- Mortgage affordability (via a mortgage affordability calculator)
- Interest only mortgage calculator scenarios
- Mortgage rate calculator comparisons
- Mortgage overpayment calculator UK planning
- Buy to let mortgage calculator UK estimates
And even commercial mortgage calculator or lifetime mortgage calculator cases.
2. How to Use the Good Money Guide Mortgage Calculator
Follow these steps to get your results:
- Enter the property price – This is your total home value.
Example: £300,000. - Add your deposit – The amount you’ll pay upfront.
Example: £60,000 (20 %). - Set your interest rate – The rate your lender charges (for example, 4.5 %).
- Choose your term – Usually between 20 and 35 years.
- Click “Submit” or “Calculate Mortgage Repayments.”
The calculator will instantly show your:
- Monthly payment (like a monthly mortgage calculator would)
- Total interest over the term (similar to a mortgage interest calculator)
- Total repayment amount
Optionally, how early repayments affect your term via an early repayment mortgage payment calculator.
This process works the same whether you’re using a quick mortgage calculator, mortgage payment calculator UK, or online mortgage calculator.
3. Different Types of UK Mortgage Calculators
Mortgage Repayment Calculator
A repayment mortgage calculator (sometimes called a monthly mortgage repayment calculator) shows both the interest and capital portions of each monthly payment. This is ideal for first-time buyers comparing options across providers like the Lloyds mortgage calculator, NatWest mortgage calculator, or Barclays mortgage calculator.
Interest Only Mortgage Calculator
An interest only mortgage calculator calculates payments if you’re only paying the interest (often used for buy to let mortgage calculator comparisons). Remember, you’ll need to repay the capital separately at the end.
Mortgage Overpayment Calculator
The mortgage overpayment calculator (or overpayment mortgage calculator) helps you see how extra monthly payments reduce the total interest paid. You can also try a pay off mortgage sooner calculator or mortgage early repayment calculator for planning faster payoff strategies. Banks like Halifax mortgage overpayment calculator or HSBC mortgage repayment calculator show similar projections.
Buy to Let Mortgage Calculator
A buy to let mortgage calculator (or BTL mortgage calculator) estimates repayments and yields for landlords. Use the buy to let mortgage repayment calculator to see how rental income compares to mortgage costs.
Mortgage Affordability Calculator
A mortgage affordability calculator UK or mortgage borrowing calculator estimates how much you can borrow based on income and expenses. Lenders such as Nationwide mortgage calculator, HSBC.co.uk mortgage calculator, and Lloyds bank mortgage calculator offer similar functionality.
Mortgage Rate & Cost Calculators
If you’re comparing rates, try a mortgage rates calculator or mortgage cost calculator UK to see the real cost over time. For simple estimates, a basic mortgage calculator, simple mortgage calculator, or free mortgage calculator can help you plan your budget.
4. Examples of Major UK Bank Calculators
Many people search for brand-specific tools such as:
- Halifax mortgage calculator and Halifax building society mortgage calculator
- HSBC mortgage calculator and HSBC mortgage repayment calculator
- Nationwide mortgage calculator
- Barclays mortgage calculator
- NatWest mortgage calculator
- Santander mortgage calculator
- Lloyds mortgage calculator
- TSB mortgage calculator
- RBS mortgage calculator
- First Direct mortgage calculator
These tools all work similarly to the Good Money Guide mortgage calculator online, but our version lets you compare lenders side-by-side without visiting each bank separately. It’s like combining a BBC mortgage calculator, Martin Lewis mortgage calculator, MSE mortgage calculator, and Rightmove mortgage calculator into one platform.
5. Understanding Mortgage Repayments and Overpayments
A mortgage repayment calculator breaks down your payments into interest and capital.
For example, using a mortgage loan interest calculator, you can see how your interest costs decline over time.
Adding overpayments through a mortgage calculator overpayment or mortgage calculator early payments feature can save you thousands in interest. Try comparing results from the mortgage calculator Halifax, mortgage calculator Santander, or mortgage calculator HSBC to see how small changes affect your outcome.
6. Using the Mortgage Repayment Calculator to Plan Ahead
Use the mortgage calculator how much can I borrow or mortgage loan calculator how much can I borrow feature to determine realistic borrowing levels. Whether you’re buying your first home (first time buyer mortgage calculator) or refinancing, test different interest rates with the mortgage rate calculator UK or Google mortgage calculator.
For specific regions, you can also try the mortgage calculator NI or mortgage calculator Scotland for Northern Ireland and Scotland.
You can even check scenarios like shared ownership mortgage calculator, commercial mortgage calculator, and lifetime mortgage calculator to understand alternative options.
7. FAQs About Mortgage Calculators
Q: Is it free?
Yes – it’s a free mortgage calculator available to everyone.
Q: What if I want to calculate monthly payments quickly?
Try the quick mortgage calculator, calculate mortgage payment, or calculate mortgage monthly payments for instant results.
Q: Does it work for online mortgages?
Yes, the online mortgage calculator lets you plan from anywhere.
Ready to take out a mortgage?
| Name | Logo | Lenders | Deals | Customer Reviews | CTA | Feature | Expand |
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| Tembo Money Expert Review: Affordability & Help To Buy Your First Home Provider: Tembo Money Verdict: Tembo Money specialises in helping to buy your first home with expert mortgage advice combined with top paying Lifetime and Cash ISA. Is Tembo Money any good? Yes, in a nutshell, it’s a really slick app and service that can help those with affordability issues get on the property ladder sooner. As well as their online and personal mortgage brokerage service they also have to of the best savings accounts on the market. The Tembo Lifetime ISA comes with excellent rates and the Government 25% top up and for when you have used up your £4,000 LISA allowance there is also a great paying Cash ISA. When I spoke to Richard Dana the CEO and founder of Tembo for this review, he highlighted that the key benefit of Tembo’s serivce is that it is all in one place and they can manage the entire process of savings to buying your first home. The savings accounts don’t have any withdrawal penalties, there are no cheeky intro rates and as an added bonus Tembo offer free mortgage advice for all savings account holders, which is a saving of up to £749. Pros
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