Rate Change Calculator
How this calculator works
This calculator illustrates how an interest rate change could affect your monthly mortgage payments, and the total amount you’ll pay over your remaining term.
What you’ll need
You’ll need to know the outstanding balance, repayment type (interest only, capital & interest, part & part), current interest rate and remaining term of your mortgage.
Find out how to see up to date information about your mortgage.
How it works
- Step 1: Enter details of your current mortgage.
- Step 2: Enter your current interest rate and the new interest rate you want to consider.
- Step 3: Check out your results and consider your next steps.
If you have sub-accounts with different terms or interest rates, you’ll need to calculate the payments for each sub-account separately.
Please note – this calculator provides results based on assumptions that may not apply to your mortgage. The results are indicative, and you should use them only as a guide to your monthly payments and the total amount you will pay.
Your mortgage
How this calculator works
This calculator illustrates how an interest rate change could affect your monthly mortgage payments, and the total amount you’ll pay over your remaining term.
What you’ll need
You’ll need to know the outstanding balance, repayment type (interest only, capital & interest, part & part), current interest rate and remaining term of your mortgage.
Find out how to see up to date information about your mortgage.
How it works
- Step 1: Enter details of your current mortgage.
- Step 2: Enter your current interest rate and the new interest rate you want to consider.
- Step 3: Check out your results and consider your next steps.
If you have sub-accounts with different terms or interest rates, you’ll need to calculate the payments for each sub-account separately.
Please note – this calculator provides results based on assumptions that may not apply to your mortgage. The results are indicative, and you should use them only as a guide to your monthly payments and the total amount you will pay.
Your results
The table below shows you the estimated impact of the interest rate change on your mortgage.
Please note – this calculator provides results based on assumptions that may not apply to your mortgage. The results are indicative, and you should use them only as a guide to your monthly payments and the total amount you will pay.
Next stepsYour next steps
If the interest rate for your mortgage is changing, you can find out more here. Whether your rate and payments are going up or down, it’s a good idea to plan ahead.
Could you benefit from overpaying?
See the positive impact making overpayments could have on your mortgage.
If you can afford to pay a bit more each month, even small amounts can add up.
Can you afford your monthly payments?
If your payments are changing and you’re worried about staying up to date, we’re here to help.
Don’t wait until you’ve missed a payment – find information, guidance and sources of help and support.