📊 APR vs Interest Rate
The Annual Percentage Rate (APR) includes fees and is the true cost of borrowing. The interest rate alone doesn't capture arrangement fees or other charges. Always compare APR when shopping for loans.
Calculator
Amortisation Schedule
Calculate a loan above to see the amortisation schedule.
Tips & Information
💡 Overpayments
Even small regular overpayments dramatically reduce total interest. Paying an extra £100/month on a 25-year mortgage can cut years off your term and save thousands in interest.
🏠 Mortgage Types
Fixed-rate mortgages keep payments predictable. Variable/tracker rates move with the base rate. Offset mortgages link your savings to reduce the interest-bearing balance.
⚠️ Disclaimer
This calculator is for illustrative purposes only. Actual payments may vary based on your lender's terms, fees, and payment schedule. Always consult a qualified financial adviser before borrowing.