How much is a £300,000 mortgage per month?
A £300,000 mortgage over 25 years at 5% costs £1,754 per month. Across the full term you repay £526,131, of which around £226,131 is interest.
How this is calculated
- ·25-year term
- ·5% annual interest rate
- ·Repayment mortgage
- ·Rate held constant for illustration
£300,000 monthly payment by rate (25-year term)
| Interest rate | Monthly payment |
|---|---|
| 4% | £1,584 |
| 5% | £1,754 |
| 6% | £1,933 |
| 7% | £2,120 |
Monthly payment by rate
Frequently Asked Questions
What salary do I need for a £300,000 mortgage?
At 4.5× income, roughly £67,000 combined. Lenders assessing affordability also look at outgoings, not just income multiples.
How much deposit for a £300,000 mortgage?
Typically 10% of the property price. If you're borrowing £300,000 on a £333,000 home that's a £33,000 deposit.
How much interest will I pay?
About £226,131 over 25 years at 5% — overpaying even a little cuts that significantly.
M Singh CeMAP DipFA · 25+ Years UK Financial Services
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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.