Updated for 2026/27
Monthly payment on a £480,000 mortgage
Quick answer
A £480,000 repayment mortgage over 25 years at 5% costs about £2,806 a month. Over the full term you'd repay £841,810 in total, including £361,810 of interest.
Reviewed by TaxFly Editorial Team
How we calculate
- Mortgage amount
- £480,000
- Interest rate
- 5%
- Term
- 25 years
- Total interest
- £361,810
- Monthly payment
- £2,806
What are the monthly repayments on a £480,000 mortgage?
A £480,000 repayment mortgage at 5% over 25 years works out to roughly £2,806 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% | £2,534 | £2,292 |
| 4.5% | £2,668 | £2,432 |
| 5.0% | £2,806 | £2,577 |
| 5.5% | £2,948 | £2,725 |
| 6.0% | £3,093 | £2,878 |
How much interest will you pay?
Over the 25-year term you'd pay about £361,810 in interest on top of the £480,000 borrowed — a total of £841,810. 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 £2,806 a month on a 25-year repayment mortgage at 5%. A different rate or term changes this — see the table above.
Around £361,810 over 25 years at 5%, making £841,810 repaid in total.
Lenders typically cap borrowing at about 4.5× income, so roughly £106,667 household income — though this varies. Check affordability on our mortgage tools.
