10-Year Mortgage Calculator (UK, 2026)
Work out the monthly repayment and total interest on a 10-year mortgage term. Enter your price, deposit and rate — the term is fixed at 10 years so you see exactly what an aggressive payoff costs per month.
10 years vs other terms
Same £240,000 loan at 4.32% — what changing the term does to the monthly payment and lifetime interest:
| Term | Monthly | vs 10-year | Total interest | Interest vs 10-year |
|---|---|---|---|---|
| 10 years (this page) | £2,467 | — | £55,986 | — |
| 15 years | £1,814 | −£653 | £86,516 | +£30,530 |
| 20 years | £1,495 | −£971 | £118,834 | +£62,848 |
| 25 years | £1,310 | −£1,157 | £152,880 | +£96,894 |
| 30 years | £1,191 | −£1,276 | £188,584 | +£132,598 |
10-year monthly payments by loan size
At 4.32% over 10 years. Each row links to a full cost breakdown for that loan size:
| Loan | Monthly payment | |
|---|---|---|
| £100,000 | £1,028 | Full £100k cost guide → |
| £150,000 | £1,542 | Full £150k cost guide → |
| £200,000 | £2,055 | Full £200k cost guide → |
| £250,000 | £2,569 | Full £250k cost guide → |
| £300,000 | £3,083 | Full £300k cost guide → |
| £350,000 | £3,597 | Full £350k cost guide → |
| £500,000 | £5,139 | Full £500k cost guide → |
Who takes a 10-year mortgage term?
A 10-year term is the aggressive end of UK mortgage borrowing. It's rarely chosen by first-time buyers — the monthly payment on a typical loan is simply too high to pass affordability — but it's common at remortgage, when years of repayments and house-price growth have shrunk the balance relative to income. Borrowers in their fifties also use 10-year terms to finish the mortgage before retirement, since most lenders want the loan repaid by age 70–75.
The payoff is stark: because the balance amortises so fast, almost every payment is principal. On a £150,000 loan at 4.32%, a 10-year term pays roughly a quarter of the total interest of a 25-year term. The cost is monthly commitment — and unlike overpaying a longer mortgage, a short contractual term can't be dialled back if your circumstances change without a formal term extension. If you want the interest saving with flexibility, a longer term plus regular overpayments gets close: model it on the mortgage comparison calculator.
How it's calculated
The monthly payment uses the standard amortising-loan formula used by every UK lender:
M = P × (i × (1+i)n) / ((1+i)n − 1)
where P is the loan (price minus deposit), i is the monthly rate (annual ÷ 12) and n is 120 payments (10 years × 12). Interest accrues on the outstanding balance, which is why shortening the term saves so much — see the full explanation on the main mortgage calculator.
Frequently asked questions
Can I get a 10-year mortgage term in the UK?
Yes. Most UK lenders offer terms from 5 to 40 years, so a 10-year term is available from mainstream banks — but you must pass affordability checks on the higher monthly payment. It's most common for remortgagors with a small remaining balance rather than new purchases.
How much is a 10-year mortgage on £150,000?
At 4.32%, a £150,000 loan over 10 years costs about £1,542 a month, with roughly £34,991 total interest — compared with about £819 a month and £95,550 interest over 25 years.
Is a 10-year mortgage term the same as a 10-year fixed rate?
No. The term is how long you take to repay the whole loan; a 10-year fix locks your interest rate for 10 years while the loan can still run 25+ years. This page calculates a 10-year repayment term. To compare fixed-rate products and fees, use the mortgage comparison calculator.
Related calculators & guides
- Mortgage calculator — any term, with a full rate × term payment matrix
- Mortgage comparison & overpayment calculator — products side-by-side, fees and overpayments modelled
- Affordability calculator — how much could you borrow?
- Stamp duty calculator — SDLT, LBTT and LTT with all surcharges
- How overpayments bend your equity curve
- How a 25-year mortgage actually amortises
This calculator is a general-information tool, not a mortgage offer or financial advice. Your actual rate depends on lender, LTV, credit profile, product fees and stress-test outcomes. Speak to a regulated mortgage adviser before committing. Source for default rate: Bank of England's monthly effective interest rates.