How much is a £200,000 mortgage per month?
A £200,000 mortgage over 25 years at 5% costs £1,169 per month. Across the full term you repay £350,754, of which roughly £150,754 is interest.
How this is calculated
- ·25-year term
- ·5% annual interest rate
- ·Repayment (capital & interest) mortgage
- ·Rate held constant for illustration
£200,000 monthly payment by rate (25-year term)
| Interest rate | Monthly payment |
|---|---|
| 4% | £1,056 |
| 5% | £1,169 |
| 6% | £1,289 |
| 7% | £1,414 |
Monthly payment by rate
Frequently Asked Questions
How much deposit do I need for a £200,000 mortgage?
Most lenders want at least 10% — so around £20,000–£22,000 on a property where you're borrowing £200,000. A 5% deposit is possible with some lenders but rates are higher.
What salary do I need for a £200,000 mortgage?
At the common 4.5× income multiple you'd need roughly £44,000 combined income. Some lenders stretch to 5× for strong applicants.
How much would I pay over the full term?
Over 25 years at 5% you repay about £350,754 in total — roughly £150,754 of that is interest on top of the £200,000 borrowed.
M Singh CeMAP DipFA · 25+ Years UK Financial Services
More Most Searched
M Singh CeMAP DipFA · 25+ Years UK Financial Services
Important Information
This calculator is for informational purposes only and does not constitute financial advice or a personal recommendation.
Results are estimates based on the information you provide and may not reflect your actual financial position.
You should consider seeking independent professional advice tailored to your specific circumstances before making any financial decision.