Updated for 2026/27
Monthly payment on a £470,000 mortgage
Quick answer
A £470,000 repayment mortgage over 25 years at 5% costs about £2,748 a month. Over the full term you'd repay £824,272 in total, including £354,272 of interest.
Reviewed by TaxFly Editorial Team
How we calculate
- Mortgage amount
- £470,000
- Interest rate
- 5%
- Term
- 25 years
- Total interest
- £354,272
- Monthly payment
- £2,748
What are the monthly repayments on a £470,000 mortgage?
A £470,000 repayment mortgage at 5% over 25 years works out to roughly £2,748 a month. The rate you're offered makes a big difference, so here's how the monthly payment changes:
| Rate | 25-yr monthly | 30-yr monthly |
|---|---|---|
| 4.0% | £2,481 | £2,244 |
| 4.5% | £2,612 | £2,381 |
| 5.0% | £2,748 | £2,523 |
| 5.5% | £2,886 | £2,669 |
| 6.0% | £3,028 | £2,818 |
How much interest will you pay?
Over the 25-year term you'd pay about £354,272 in interest on top of the £470,000 borrowed — a total of £824,272. Overpaying even a small amount each month can cut years off the term and save thousands. Model overpayments and compare deals on the mortgage calculator.
Other mortgage amounts
Frequently asked questions
About £2,748 a month on a 25-year repayment mortgage at 5%. A different rate or term changes this — see the table above.
Around £354,272 over 25 years at 5%, making £824,272 repaid in total.
Lenders typically cap borrowing at about 4.5× income, so roughly £104,444 household income — though this varies. Check affordability on our mortgage tools.
