If you're looking to borrow £50,000 for a mortgage loan and want to know how much interest you'll pay and the monthly repayments you'll make then we have the calculations professionally gathered for you.
The repayments have been calculated using our online mortgage calculator which you can use yourself or look at the tables below for the repayments on a £50,000 loan. It's divided up into the length of the loan and the interest rate you will pay.
| Rate | 5 Years | 10 Years | 15 Years | 20 Years | 25 Years |
|---|---|---|---|---|---|
| 2% | £876 | £460 | £322 | £253 | £212 |
| 3% | £898 | £483 | £345 | £277 | £237 |
| 4% | £921 | £506 | £370 | £303 | £264 |
| 5% | £943 | £530 | £395 | £330 | £292 |
| 6% | £967 | £555 | £422 | £358 | £322 |
These rates are applicable for new mortgages or remortgages and are on a repayment basis for a loan of £50,000 to repay in the number of years shown.
An example Nationwide Building Society mortgage for a property valued at £71,430 and a loan-to-value of 70% with a £50,000 mortgage is as follows:
Please note these rates are for illustrative purposes only. You should not rely on these rates, but get a professional financial quote for your £50,000 mortgage offer.
All values are in pounds sterling for the years provided. The value shown is the monthly repayment for each month of your £50,000 mortgage. Please see our mortgage calculator to see different rates, the total repayments you'll make over the life of the loan and the total interest paid.
You can also enter different interest rates and time and loan periods. See our mortgage calculator to calculate mortgage payments for full information on your costs by year.
Whatever your reasons for needing a £50,000 mortgage, be sure to seek professional advice either from a mortgage broker or an independent financial adviser. They can help you find the right product whether it be a fixed rate, tracker or offset mortgages to fit your exact circumstances.
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