What Could My Mortgage Payment Be When My Deal Ends?
This guide is for general information only and does not provide financial advice. Check your lender’s terms before overpaying, as early repayment charges may apply. Your home may be repossessed if you do not keep up repayments on your mortgage.
When a fixed or discounted deal ends, your rate may change and your payment with it. This page does not know what rate you would move to. It shows example payments at a range of rates so you can see how sensitive your payment might be, using your own balance and term in the calculator.
A worked example
The table shows the monthly payment on a repayment mortgage with 25 years remaining, at four example rates. The rates are examples, not rates that are available or that apply to any particular lender or product.
| Balance | At 4% | At 5% | At 6% | At 7% |
|---|---|---|---|---|
| £150,000 | £791.76 | £876.89 | £966.45 | £1,060.17 |
| £200,000 | £1,055.67 | £1,169.18 | £1,288.60 | £1,413.56 |
| £250,000 | £1,319.59 | £1,461.48 | £1,610.75 | £1,766.95 |
If you overpay before the deal ends, and your mortgage allows the overpayment without a charge, the balance that the new rate applies to is lower. See remortgaging or overpaying and how mortgage rate changes affect overpaying.
Questions worth asking
- When does your current deal end, and what would your lender move you to if you do nothing? Check your mortgage offer or ask your lender.
- Is there a period during which you can arrange a new deal without a charge? Check your mortgage terms.
- Could you meet a higher payment? The table shows how a higher rate raises the payment.
Figures are estimates from this site’s calculator, using the assumptions stated above each table. The rates, fees and property values shown are examples, not figures that are available to you. They are illustrations, not forecasts. Try your own figures in the free mortgage overpayment calculator.
If you are thinking about remortgaging or overpaying, consider speaking to a regulated mortgage adviser. This page is general information, not advice on your circumstances.
Questions people ask
What happens when my fixed rate ends?
It depends on your lender and mortgage. Check your mortgage offer or ask your lender what rate would apply if you take no action.
Can I arrange a new deal before mine ends?
It depends on your lender and on the terms of your current deal. Check your mortgage offer or ask your lender, or a regulated mortgage adviser.
How do I see my own payment?
Enter your balance, rate and remaining term in the free mortgage overpayment calculator.
Other ways to look at it
remortgaging or overpaying, what a lower mortgage rate could save, remortgage fees and the break-even point, overpaying before you remortgage and loan-to-value, a shorter term or overpaying. For how overpayments and remortgaging interact more generally, see what happens to overpayments when you remortgage and how overpayments affect your remortgage rate.