£250,000 Mortgage: Monthly Payments
A £250,000 mortgage over 25 years at 5% costs about £1,461 a month. Here is how the payment changes with the rate and the length of the mortgage.
Monthly repayment on £250,000
| Interest rate | 15 years | 20 years | 25 years | 30 years | 35 years |
|---|---|---|---|---|---|
| 3% | £1,726 | £1,386 | £1,186 | £1,054 | £962 |
| 4% | £1,849 | £1,515 | £1,320 | £1,194 | £1,107 |
| 5% | £1,977 | £1,650 | £1,461 | £1,342 | £1,262 |
| 6% | £2,110 | £1,791 | £1,611 | £1,499 | £1,425 |
| 7% | £2,247 | £1,938 | £1,767 | £1,663 | £1,597 |
Repayment or interest-only?
| Interest rate | Interest-only a month | Repayment a month (25 years) |
|---|---|---|
| 3% | £625 | £1,186 |
| 4% | £833 | £1,320 |
| 5% | £1,042 | £1,461 |
| 6% | £1,250 | £1,611 |
| 7% | £1,458 | £1,767 |
Interest-only is cheaper each month but you still owe all £250,000 at the end, so you need a plan to repay it.
Total cost
At 5% over 25 years you pay £438,443 in total: the £250,000 borrowed plus about £188,443 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 £250,000 mortgage per month?
Over 25 years at 5% a £250,000 repayment mortgage costs about £1,461 a month. At 4% it is £1,320 and at 6% £1,611.
How much interest will I pay on a £250,000 mortgage?
At 5% over 25 years you would pay about £188,443 in interest on top of the £250,000 you borrow, so £438,443 in total.
What income do I need for a £250,000 mortgage?
Lenders typically offer 4 to 4.5 times income, so you would need an income of roughly £55,556 to £62,500, 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.