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Monthly Repayments on a £120,000 Mortgage
At 4.5%, your monthly repayment on a £120,000 mortgage over 25 years would be £667
Monthly Payments by Rate & Term
| Rate | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|
| 3% | £829 | £666 | £569 | £506 | £462 |
| 3.5% | £858 | £696 | £601 | £539 | £496 |
| 4% | £888 | £727 | £633 | £573 | £531 |
| 4.5% | £918 | £759 | £667 | £608 | £568 |
| 5% | £949 | £792 | £702 | £644 | £606 |
| 5.5% | £981 | £825 | £737 | £681 | £644 |
| 6% | £1,013 | £860 | £773 | £719 | £684 |
Highlighted cell shows a typical current rate (4.5%) over 25 years.
Mortgage Summary at 4.5% over 25 Years
Monthly Payment
£667
Total Repayable
£200,100
Total Interest
£80,100
Interest as % of Loan
67%
What Deposit Do You Need?
| Deposit % | LTV | Deposit Needed | Property Price |
|---|---|---|---|
| 5% | 95% | £6,316 | £126,316 |
| 10% | 90% | £13,333 | £133,333 |
| 15% | 85% | £21,176 | £141,176 |
| 20% | 80% | £30,000 | £150,000 |
| 25% | 75% | £40,000 | £160,000 |
What Salary Do You Need for a £120,000 Mortgage?
Most UK lenders use a 4.5× income multiple. For a £120,000 mortgage, you'd typically need:
Single applicant
£26,667
Joint (e.g. 60/40 split)
£16,000 + £10,667
Overpayment Impact
See how overpaying your £120,000 mortgage at 4.5% could save you years and thousands in interest.
| Monthly Overpayment | Years Saved | Interest Saved | New Term |
|---|---|---|---|
| £100/mo | 5.3 yrs | £18,321 | 19.8 yrs |
| £250/mo | 9.9 yrs | £34,123 | 15.1 yrs |
| £500/mo | 14.1 yrs | £47,223 | 10.9 yrs |
Stamp Duty on a £133,333 Property
With a 10% deposit, a £120,000 mortgage means buying a £133,333 property.
Standard buyer
£166.66
0.12% effective
First-time buyer
£0
0.00% effective
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