Interest Only Mortgage Calculator

Compare Interest Only Mortgage Deals


An interest only mortgage calculator could be a useful tool in helping you to compare mortgages and decide whether or not a particular mortgage would be an affordable option for you. As you search for an interest only mortgage, it is advisable that you compare several different deals from a range of providers.  You may find that using the mortgage comparison tables below could help you to find a competitive mortgage deal:

Fixed Rate Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.74%

Reverts to 4.00%

2

Years

60%

YesMore Info >
  • Call 0800 056 8572 to speak to a NatWest mortgage specialist
Fixed

1.74%

Reverts to 4.00%

2

Years

60%

YesMore Info >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist
Fixed

1.89%

Reverts to 4.95%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

1.89%

Reverts to 4.95%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

2.29%

Reverts to 4.95%

2

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.29%

Reverts to 4.95%

2

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.19%

Reverts to 4.95%

2

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.19%

Reverts to 4.95%

2

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.89%

Reverts to 4.95%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.89%

Reverts to 4.95%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above fixed rate mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Tracker Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker

1.64%

Reverts to 4.00%

2

Years

60%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

1.64%

Reverts to 4.00%

2

Years

60%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist
Tracker

1.73%

Reverts to 4.00%

2

Years

70%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

1.73%

Reverts to 4.00%

2

Years

70%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist.
Tracker

1.59%

Reverts to 4.79%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee of £995
Lifetime Tracker

1.99%

Life of the mortgage

60%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above tracker rate mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Discount Rate Mortgage Deals

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Discounted
Variable

0.98%

Reverts to 3.94%

2

Years

3.60%

60%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £1499
Discounted
Variable

1.99%

Reverts to 4.95%

2

Years

4.50%

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 
Discounted
Variable

2.19%

Reverts to 4.95%

2

Years

4.60%

80%

YesMore Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above discount mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Buy to Let Mortgage Deal Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker
Buy-to-Let

1.93%

Reverts to 4.00%

2

Years

60%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker
Buy-to-Let

1.93%

Reverts to 4.00%

2

Years

60%

YesMore Info >
Fixed
Buy-to-Let

2.18%

Reverts to 4.99%

2

Years

60%

YesMore Info >

*APR = Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above buy to let mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Independent Mortgage Quotes & Advice Service
Mortgage ServiceIndependent Mortgage AdviceMortgage Quotes Tailored to youFast Track ServiceMortgage Protection ReviewGet Quotes
yesyesyesyesMore Info >
  • Call 0117 332 6063
  • Independent mortgage advice
  • Experienced administration support
  • Fast Track Service

Using an interest only mortgage calculator


Interest only mortgage calculators tend to work in the following way:

  • You would enter into the calculator the amount that you would like to borrow, the repayment period of your mortgage as well as the rate of interest
  • The mortgage calculator would provide you with a figure that represents your monthly interest repayment for that particular mortgage deal.

 Please be aware that the figure quoted on an interest only mortgage calculator is not inclusive of the additional payments that you should be making into an investment vehicle such as an ISA, a pension plan, or an endowment.

 

It must also be noted that an interest only mortgage calculator will not take account of variable interest rates, meaning that it might not be able to work out the long term costs of a variable rate mortgage. It could therefore be best to use an interest only mortgage calculator to give you a rough guide of how much the mortgage would cost.

 

When looking for an interest only mortgage, you may wish to consider the different types of interest rates available.  These could include the following:

  • Fixed rate
    A fixed rate mortgage would have an interest rate that would be guaranteed to be of a certain amount for a set period.
  • Tracker
    Tracker interest rates follow the Bank of England base interest rate and could vary in accordance with this.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker