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Mortgage Rate Comparison

£
£

Loan amount: £280,000

Interest only
%
%
%
LTV: 80%

4.5%

Best rate

£1,556

/month

Total repaid£466,899
Total interest£186,899

5.0%

£1,637

/month

Total repaid£491,055
Total interest£211,055

5.5%

£1,719

/month

Total repaid£515,832
Total interest£235,832

Rate Comparison Insight

Reducing your rate by 0.5% saves £81 per month

That's £24,156 less interest over the full term

Outstanding Balance Over Time

How your mortgage balance decreases year by year at each rate

£0£70,000£140,000£210,000£280,000NowYr 5Yr 10Yr 15Yr 20Yr 254.5%5.0%5.5%Outstanding BalanceYears

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These calculations are for illustrative purposes only. Actual mortgage offers depend on your credit history, income, and lender criteria. Fees, early repayment charges, and other costs are not included. Always seek professional mortgage advice.