£150,000 Mortgage: Monthly Payments
A £150,000 mortgage over 25 years at 5% costs about £877 a month. Here is how the payment changes with the rate and the length of the mortgage.
Monthly repayment on £150,000
| Interest rate | 15 years | 20 years | 25 years | 30 years | 35 years |
|---|---|---|---|---|---|
| 3% | £1,036 | £832 | £711 | £632 | £577 |
| 4% | £1,110 | £909 | £792 | £716 | £664 |
| 5% | £1,186 | £990 | £877 | £805 | £757 |
| 6% | £1,266 | £1,075 | £966 | £899 | £855 |
| 7% | £1,348 | £1,163 | £1,060 | £998 | £958 |
Repayment or interest-only?
| Interest rate | Interest-only a month | Repayment a month (25 years) |
|---|---|---|
| 3% | £375 | £711 |
| 4% | £500 | £792 |
| 5% | £625 | £877 |
| 6% | £750 | £966 |
| 7% | £875 | £1,060 |
Interest-only is cheaper each month but you still owe all £150,000 at the end, so you need a plan to repay it.
Total cost
At 5% over 25 years you pay £263,066 in total: the £150,000 borrowed plus about £113,066 of interest. Overpaying a little each month can shorten the term and cut the interest; try the mortgage overpayment calculator.
Nearby amounts
Figures assume a fixed rate for the whole term. Most people fix for two to five years and then move to a new deal, so payments can change. Fees and stamp duty are extra. Speak to a regulated mortgage adviser before you borrow.
Frequently asked questions
How much is a £150,000 mortgage per month?
Over 25 years at 5% a £150,000 repayment mortgage costs about £877 a month. At 4% it is £792 and at 6% £966.
How much interest will I pay on a £150,000 mortgage?
At 5% over 25 years you would pay about £113,066 in interest on top of the £150,000 you borrow, so £263,066 in total.
What income do I need for a £150,000 mortgage?
Lenders typically offer 4 to 4.5 times income, so you would need an income of roughly £33,333 to £37,500, depending on your outgoings.
What is the difference between repayment and interest-only?
With a repayment mortgage you pay off the loan as well as the interest, so you own the home outright at the end. With interest-only you pay just the interest each month and still owe the full amount at the end.
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.