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Tools / Mortgage / Mortgage Balance Calculator

Get started by entering your mortgage principle, monthly payment amount, interest rate and when you started paying your mortgage.

%
Mortgage start (month / year)
Remaining Balance
£302,547.40

The results provided by this calculator are estimates only. Actual figures may vary due to fees, interest rates, or other charges applied when calculating a settlement.

Remaining Balance:£302,547.40

The results provided by this calculator are estimates only. Actual figures may vary due to fees, interest rates, or other charges applied when calculating a settlement.

Frequently Asked Questions

How accurate is this calculator?
The results provided by this calculator are estimates only. Actual figures may vary due to fees, interest rates, or other charges applied when calculating a settlement.
What information do I need to calculate my remaining mortgage balance?
You’ll need four key pieces of information:
  • Original mortgage principal amount
  • Monthly payment amount
  • Interest rate
  • Start date of your mortgage payments (month and year)
Why might my actual remaining balance be different from the calculator’s result?
Several factors can affect your actual remaining balance:
  • Additional payments you’ve made
  • Late payment fees
  • Changes in interest rate (for variable-rate mortgages)
What if I have a variable interest rate?
This calculator works best for fixed-rate mortgages. For variable-rate mortgages, use your current interest rate for the most accurate estimate, but be aware that historical rate changes will affect the actual remaining balance.
What if I’ve made extra payments on my mortgage?
This calculator assumes you’ve made regular monthly payments according to your original payment schedule. If you’ve made extra payments, the actual remaining balance will be lower than the calculated estimate.
Should I include property taxes and insurance in my monthly payment amount?
No, only include the portion of your monthly payment that goes toward principal and interest. Do not include amounts for property taxes, insurance, or any other escrow items.
How often should I check my remaining balance?
While this calculator provides a helpful estimate, it’s recommended to check your actual remaining balance directly with your mortgage servicer quarterly or at least annually. This ensures you have the most accurate figure for financial planning.
Have you tried our Mortgage Payment Table?

A mortgage amortization table lets you see your payment schedule over the period of the loan. Get started by entering your property price, mortgage length and interest rate.

Mortgage Payment Table