Mortgage Repayment Calculator
Find Out How Much You’ll Pay Each Month
Buying a home is one of the biggest financial commitments most people will ever make, and understanding what you might pay each month is a key part of that decision. Use our mortgage repayment calculator below to get a quick estimate of your monthly repayments, based on how much you borrow, the length of your mortgage and the interest rate.
Mortgage Repayment Calculator
Your Monthly Repayments
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How Mortgage Repayments Are Calculated
Your monthly mortgage repayment is influenced by how much you borrow, the term of your mortgage and the interest rate applied. Changing any one of these will affect what you pay each month.
The calculator above provides an estimate based on the information you enter. It is designed to give a realistic indication of repayments rather than an exact figure from a specific lender.
Do You Pay Less Interest On A Shorter Mortgage Term?
Yes. In most cases, a shorter mortgage term means you pay less interest overall, even though your monthly repayments are higher.
A longer mortgage term usually lowers your monthly repayments, which can help with short-term affordability. However, spreading repayments over more years generally increases the total amount of interest you pay over the life of the loan.
Shorter mortgage terms increase monthly repayments but reduce the total interest paid. For many people, the right balance comes down to what feels manageable month to month, while keeping long-term costs in mind.
Why Mortgage Protection Is Important
Once you take on a mortgage, protecting it becomes an important part of the picture. Mortgage protection is a type of life insurance designed to pay off your mortgage if you pass away, helping your family remain in their home without the burden of repayments.
In Ireland, mortgage protection is required when taking out a mortgage. Beyond that, it offers peace of mind at a time when financial stability matters most. Chill compares mortgage protection policies from a range of insurers, helping you find cover that suits your circumstances and can be tailored to your needs.
Don’t Forget About Protecting Your Home
While mortgage protection covers the loan itself, home insurance protects the property and the belongings inside it. From accidental damage to events such as fire or flood, home insurance helps cover the unexpected costs that can come with owning a home.
If you are looking to take out home insurance, you can save time by getting a quote with Chill. We compare policies from a range of insurers, so you don’t have to.
