Use our Mortgage Calculator to calculate repayments based on your own property price, deposit, interest rate, and mortgage term.
A £200,000 mortgage in the UK typically results in monthly repayments of between £1,000 and £1,300 depending on the interest rate, mortgage term, and mortgage type. The exact amount will vary between lenders and individual circumstances.
Most UK homebuyers use repayment mortgages, where each monthly payment reduces both the loan balance and the interest charged by the lender.
For a £200,000 repayment mortgage at 5% interest over 25 years:
Over the full mortgage term, the total interest paid could exceed £150,000 depending on the interest rate and repayment schedule.
| Interest Rate | 25-Year Term | Approx. Monthly Payment |
|---|---|---|
| 3% | 25 Years | £948 |
| 4% | 25 Years | £1,056 |
| 5% | 25 Years | £1,169 |
| 6% | 25 Years | £1,289 |
These figures are estimates and actual mortgage offers may vary.
Mortgage payments are based on three main factors:
Each monthly payment contains:
During the early years of a mortgage, a larger portion of the payment goes towards interest. As the mortgage balance decreases, more of each payment goes towards reducing the loan.
| Mortgage Term | Approx. Monthly Payment (5%) |
|---|---|
| 20 Years | £1,320 |
| 25 Years | £1,169 |
| 30 Years | £1,074 |
| 35 Years | £1,010 |
Longer mortgage terms reduce monthly payments but usually increase the total interest paid over the life of the mortgage.
The deposit required depends on the property value and lender requirements.
For example:
Larger deposits often qualify for better mortgage rates because they reduce the lender's risk.
You may be able to lower monthly repayments by:
While a longer mortgage term reduces monthly payments, it often increases the total amount of interest paid over time.
A mortgage calculator helps estimate monthly repayments instantly and allows you to compare different borrowing scenarios.
This can help with budgeting, affordability planning, and understanding how changes in interest rates or mortgage terms affect your repayments.
How much is a £200,000 mortgage per month?
Monthly payments are commonly between £1,000 and £1,300 depending on interest rates and mortgage term.
How much income do I need for a £200,000 mortgage?
Lenders typically assess income, expenses, credit history, and affordability. Requirements vary between lenders.
What happens if interest rates increase?
Variable-rate mortgages may see monthly payments increase if interest rates rise.
Can I overpay my mortgage?
Many lenders allow overpayments, which can reduce the mortgage balance faster and lower total interest costs.
Are these figures exact?
No. These are estimates only and actual mortgage offers may differ depending on lender criteria and individual circumstances.
Information on this page is based on publicly available guidance, official government publications, and commonly accepted financial calculation methods.
Use our Mortgage Calculator to calculate repayments based on your own property price, deposit, interest rate, and mortgage term.
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Last Updated: August 2026