Updated for 2026/27
Monthly payment on a £490,000 mortgage
Quick answer
A £490,000 repayment mortgage over 25 years at 5% costs about £2,864 a month. Over the full term you'd repay £859,347 in total, including £369,347 of interest.
Reviewed by TaxFly Editorial Team
How we calculate
- Mortgage amount
- £490,000
- Interest rate
- 5%
- Term
- 25 years
- Total interest
- £369,347
- Monthly payment
- £2,864
What are the monthly repayments on a £490,000 mortgage?
A £490,000 repayment mortgage at 5% over 25 years works out to roughly £2,864 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% | £2,586 | £2,339 |
| 4.5% | £2,724 | £2,483 |
| 5.0% | £2,864 | £2,630 |
| 5.5% | £3,009 | £2,782 |
| 6.0% | £3,157 | £2,938 |
How much interest will you pay?
Over the 25-year term you'd pay about £369,347 in interest on top of the £490,000 borrowed — a total of £859,347. 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 £2,864 a month on a 25-year repayment mortgage at 5%. A different rate or term changes this — see the table above.
Around £369,347 over 25 years at 5%, making £859,347 repaid in total.
Lenders typically cap borrowing at about 4.5× income, so roughly £108,889 household income — though this varies. Check affordability on our mortgage tools.
