Mortgage interest rates calculator - what will happen if rates change?

Interest rates can be somewhat unpredictable.

If you are about to or have just purchased a property, you may be wondering what effect a change in interest rate could have on your mortgage.

Whilst interest rates are notoriously difficult to forecast, it can be useful to prepare for any fluctuations that could come in the following months and years.

We might not be able to definitively say that interest rates will fall or rise, but we can give you an accurate figure as to what a change would do to your monthly mortgage payments.

Calculate the difference

Use this calculator to make sure that you don’t get caught short, and also to help you work out how changes in interest rates can affect your monthly mortgage payments and your finances.

This is especially relevant if you have, or are interested in, a variable rate mortgage.

What will happen if interest rates rise or fall?

  • Calculate

Your current monthly payment is: £. A rate change of % would your monthly payments to £ - a difference of £ a month, or £ a year.

Why don't you give us a call on 0800 953 0304 or arrange a call back

Why not see if we can save you money on your mortgage?

One minute mortgage check

You can personalise your payments and work out exactly what any rise or fall in interest rates will do to your payments by inputting the correct information into the interest rates calculator.

All it takes is for you to fill the details into the various sliders, or insert the numbers into the boxes on the right.

Our mortgage interest rate calculator will then work it out for you, and let you know the difference in monthly and yearly figures.

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For fee free, no-obligation mortgage advice, you can speak to one of our expert advisers on:

0800 953 0304

Or request a call back:

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London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA is a company limited by shares.

Our Companies House number is 1988608. We are also authorised and regulated by the Financial Conduct Authority. Our FCA number is 143002.