# Mortgage Calculator

## Capital & repayment mortgage:

## Interest only mortgage:

To learn about the differences between a capital & repayment mortgage and an interest only mortgage, please see the FAQ below.

**Disclaimer:** Whilst every effort has been made in building our calculator tools, we are not to be held
liable for any damages or monetary losses arising out of or in connection with their use. Full disclaimer.

Use our handy mortgage calculator to work out the monthly interest charged and the total cost of a **capital repayment or interest only mortgage**.

## Mortgage calculator FAQ

A selection of frequently asked questions about our calculator.

### What is a capital & repayment mortgage?

A capital and repayment mortgage is a secured home loan that is divided up into repayments of the money you borrowed (capital repayment) and payments of interest charges for the loan (interest payments).

### What is an interest only mortgage?

An interest only mortgage is a secured home loan in which the **monthly payments include only the interest on your loan**. So, at the end of your mortgage term the balance of the
initial value of the loan is still outstanding.

### Mortgage refinancing

If you're considering refinancing an existing mortgage, please use our mortgage refinancing tool instead.

## Top cities for UK homeowners - research

In March 2024, we examined online search data trends for every city in the UK to determine the most sought-after locations for homeowners. Looking specifically at searches relating to property for sale, we found that London was the most popular city, possibly due to its wealth of career opportunities, transport links and multicultural landscapes.

Glasgow took second place, followed by Birmingham, Edinburgh and Sheffield.

Our research was picked up by several newspapers, including The Scotsman and The Daily Record.

**Note:** Our calculator and the home loan information shown above are provided for information purposes only. Please speak to an independent financial advisor for any kind of advice on mortgages
or loans.