£200,000 Mortgage: Monthly Payments
A £200,000 mortgage over 25 years at 5% costs about £1,169 a month. Here is how the payment changes with the rate and the length of the mortgage.
Monthly repayment on £200,000
| Interest rate | 15 years | 20 years | 25 years | 30 years | 35 years |
|---|---|---|---|---|---|
| 3% | £1,381 | £1,109 | £948 | £843 | £770 |
| 4% | £1,479 | £1,212 | £1,056 | £955 | £886 |
| 5% | £1,582 | £1,320 | £1,169 | £1,074 | £1,009 |
| 6% | £1,688 | £1,433 | £1,289 | £1,199 | £1,140 |
| 7% | £1,798 | £1,551 | £1,414 | £1,331 | £1,278 |
Repayment or interest-only?
| Interest rate | Interest-only a month | Repayment a month (25 years) |
|---|---|---|
| 3% | £500 | £948 |
| 4% | £667 | £1,056 |
| 5% | £833 | £1,169 |
| 6% | £1,000 | £1,289 |
| 7% | £1,167 | £1,414 |
Interest-only is cheaper each month but you still owe all £200,000 at the end, so you need a plan to repay it.
Total cost
At 5% over 25 years you pay £350,754 in total: the £200,000 borrowed plus about £150,754 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 £200,000 mortgage per month?
Over 25 years at 5% a £200,000 repayment mortgage costs about £1,169 a month. At 4% it is £1,056 and at 6% £1,289.
How much interest will I pay on a £200,000 mortgage?
At 5% over 25 years you would pay about £150,754 in interest on top of the £200,000 you borrow, so £350,754 in total.
What income do I need for a £200,000 mortgage?
Lenders typically offer 4 to 4.5 times income, so you would need an income of roughly £44,444 to £50,000, 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.