How is the monthly payment calculated?

With the fixed-rate formula: P × r / (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.

Is insurance included?

No, add any loan insurance cost quoted by your lender.

Monthly payment, total cost and amortisation schedule in seconds.

Loan amountAnnual rate (%)Term (years)

Monthly payment

£1,159.92

Total interest

£78,380.66

Total repaid

£278,380.66

Indicative estimate excluding insurance and fees: only your lender’s offer is binding.

How is the monthly payment calculated?: With the fixed-rate formula: P × r / (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
Is insurance included?: No, add any loan insurance cost quoted by your lender.

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