Mortgage calculator


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How much could I borrow?

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The calculator results above are not provided by Halifax and are only indicative based on a repayment mortgage product. The interest rate has been assumed to stay the same for the selected mortgage term. Repayments will be subject to the product provided and your circumstances. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Calculate your mortgage payments with ease

Welcome to our mortgage calculator, a powerful tool that can help you estimate your monthly payments with ease. Whether you're a first-time buyer or looking to refinance your existing mortgage, our mortgage calculator can provide you with valuable insights into your potential monthly payments, helping you to plan your home financing.

First time buyers looking at an apartment with an estate agent

How a mortgage calculator can help

Save time and money

Estimate your monthly payments accurately, allowing you to plan your budget effectively and avoid taking on a mortgage that is beyond your means.

Make informed decisions

Compare different loan options by adjusting variables such as loan amount, interest rate and loan term, helping you make informed decisions about which loan option best fits your financial situation.

Gain financial confidence

By understanding how different factors impact your monthly payments, you can ensure that you're choosing a mortgage that fits in with your financial goals.

See what local experts think your home is worth

If you're getting ready to sell or just super curious, we recommend getting a free, in-person valuation from a local estate agent.

Want to know more about mortgages?

Just ask Zoopla.

  • What is the Bank Rate? Why do interest rates change? And what does it all mean for your mortgage repayments? Here’s everything you need to know about interest rates and how they affect you.

  • The Bank Rate has remained unchanged for the sixth time in a row since it was raised from 5% to 5.25% in August 2023. Meanwhile, average mortgage rates on two- and five-year fixed rate deals have increased for the first time in six months.

  • Need to work out your mortgage repayments? You can use our mortgage calculator - or challenge yourself to some mental maths with our mortgage calculation formulas. 

  • Environmentally friendly mortgages: from how much they cost to who qualifies for one, here’s everything you need to know about green mortgages.

  • Want to renegotiate the price of the property you’re buying? Our guide has the ins and outs on how it could affect your mortgage offer.

  • A healthy credit score can get you the best mortgage deal or the rental home you want. Here's what to do to improve yours.

  • If you’re looking to release some equity in your home for retirement, a lifetime mortgage lets you do just that, while letting you retain ownership of it for life.

Your mortgage questions answered

What is a mortgage?

A mortgage is a loan given by a bank, lender, or other financial institution to help an individual or business purchase a home.

Annabel Dixon


How to save for a house deposit

Set a target and save it as soon as you get paid.

Take out a Lifetime ISA, the government chips in 25% if you save £4,000 each year.

Reduce your rent as much as possible, can you live with parents or friends?

Consider Shared Ownership, which requires a smaller deposit.

How much can I borrow for a mortgage?

Banks and building societies usually lend 4 to 4.5 times your total household income.

The most important things they'll look at are your monthly income and your monthly outgoings, to see how much you can comfortably repay.

Nic Hopkirk

Senior Editor

What mortgage can I get?

There are lots of different types of mortgages available, from repayment and interest only mortgages to fixed rate, tracker and standard variable rate mortgages.

Nic Hopkirk

Senior Editor

What deposit do I need for a mortgage?

You’ll usually need a minimum deposit of 5-10% of the home you want to buy.

A 25% deposit will gives access to better mortgage deals, while a 40% deposit opens up the best deals

Nic Hopkirk

Senior Editor

How long does a mortgage application take?

It can take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months.

So if you see a great deal out there and want to reserve it, it's worth speaking to the lender or a mortgage broker in advance.

Matilda Battersby