UK 2-Year & 5-Year Fixed Mortgage Calculator
Mortgage Calculator with Amortization Schedule
Calculate your total monthly mortgage payment including principal, interest, taxes, insurance, and PMI with full amortization schedule export.
Shortens loan term & saves interest
Monthly Payment Breakdown
Principal & Interest: $1,439.17 • Taxes: $150 • Insurance: $37.5 • PMI: $106.25
| Period | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| Year 1 | $17,270.04 | $5,529.39 | $11,740.65 | $11,740.65 | $249,470.61 |
| Year 2 | $17,270.04 | $5,792.08 | $11,477.96 | $23,218.61 | $243,678.53 |
| Year 3 | $17,270.04 | $6,067.22 | $11,202.82 | $34,421.43 | $237,611.31 |
| Year 4 | $17,270.04 | $6,355.45 | $10,914.59 | $45,336.02 | $231,255.86 |
| Year 5 | $17,270.04 | $6,657.34 | $10,612.7 | $55,948.72 | $224,598.52 |
| Year 6 | $17,270.04 | $6,973.6 | $10,296.44 | $66,245.16 | $217,624.92 |
| Year 7 | $17,270.04 | $7,304.86 | $9,965.18 | $76,210.34 | $210,320.06 |
| Year 8 | $17,270.04 | $7,651.87 | $9,618.17 | $85,828.51 | $202,668.19 |
| Year 9 | $17,270.04 | $8,015.36 | $9,254.68 | $95,083.19 | $194,652.83 |
| Year 10 | $17,270.04 | $8,396.13 | $8,873.91 | $103,957.1 | $186,256.7 |
| Year 11 | $17,270.04 | $8,795 | $8,475.04 | $112,432.14 | $177,461.7 |
| Year 12 | $17,270.04 | $9,212.78 | $8,057.26 | $120,489.4 | $168,248.92 |
| Year 13 | $17,270.04 | $9,650.44 | $7,619.6 | $128,109 | $158,598.48 |
| Year 14 | $17,270.04 | $10,108.85 | $7,161.19 | $135,270.19 | $148,489.63 |
| Year 15 | $17,270.04 | $10,589.06 | $6,680.98 | $141,951.17 | $137,900.57 |
| Year 16 | $17,270.04 | $11,092.08 | $6,177.96 | $148,129.13 | $126,808.49 |
| Year 17 | $17,270.04 | $11,619.01 | $5,651.03 | $153,780.16 | $115,189.48 |
| Year 18 | $17,270.04 | $12,170.97 | $5,099.07 | $158,879.23 | $103,018.51 |
| Year 19 | $17,270.04 | $12,749.11 | $4,520.93 | $163,400.16 | $90,269.4 |
| Year 20 | $17,270.04 | $13,354.76 | $3,915.28 | $167,315.44 | $76,914.64 |
| Year 21 | $17,270.04 | $13,989.17 | $3,280.87 | $170,596.31 | $62,925.47 |
| Year 22 | $17,270.04 | $14,653.7 | $2,616.34 | $173,212.65 | $48,271.77 |
| Year 23 | $17,270.04 | $15,349.81 | $1,920.23 | $175,132.88 | $32,921.96 |
| Year 24 | $17,270.04 | $16,078.98 | $1,191.06 | $176,323.94 | $16,842.98 |
| Year 25 | $17,270.04 | $16,842.8 | $427.24 | $176,751.18 | $0.18 |
| Year 26 | $0.18 | $0.18 | $0 | $176,751.18 | $0 |
Compare Top Mortgage & Refinance Rates
Estimated monthly principal & interest based on a $255,000 mortgage.
| Loan Product | Interest Rate | APR | Est. Monthly P&I | Action |
|---|---|---|---|---|
30-Year Fixed | 6.68% | 6.75% | $1,642/mo | Check Rates |
15-Year Fixed | 5.92% | 6.04% | $2,141/mo | Check Rates |
5/1 Adj. Rate (ARM) | 6.18% | 6.55% | $1,558/mo | Check Rates |
FHA / VA 30-Year | 6.15% | 6.82% | $1,554/mo | Check Rates |
Shop Multiple Lenders
Borrowers who compare 3+ quotes save an average of $84,000 over a 30-year term.
Points vs Zero-Cost
Paying discount points lowers your ongoing interest rate if you plan to stay 5+ years.
PMI Removal Rules
Request private mortgage insurance cancellation as soon as your loan-to-value reaches 80%.
Advertising & Affiliate Disclosure: ConvertSheet is an independent educational calculation service and may receive compensation from partner financial institutions when users click to compare rates. Zero client data or calculated figures are ever shared.
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About UK 2-Year & 5-Year Fixed Mortgage Calculator
UK home financing primarily relies on 2-year or 5-year fixed rate terms before reverting to a lender's Standard Variable Rate (SVR). ConvertSheet calculates your exact monthly capital and interest repayments, models remortgaging options, and exports full UK amortization schedules to Excel.
Related Mortgage Calculator & Amortization Schedule Calculations
Frequently Asked Questions: UK 2-Year & 5-Year Fixed Mortgage Calculator
Clear mathematical answers to key questions, calculations, and loan parameters.
What happens when a UK fixed mortgage term ends?
When your fixed-rate incentive period ends (after 2 or 5 years), the loan automatically moves to the lender's Standard Variable Rate (SVR), which is typically significantly higher. Homeowners usually remortgage to a new fixed deal before this happens.
What is a repayment vs interest-only mortgage in the UK?
A repayment mortgage pays off both capital and interest each month, ensuring the debt is zero at term end. An interest-only mortgage only pays monthly interest charges, leaving the full principal balance due at maturity.