£380,000 mortgage: monthly payments

By The PocketSums team. Updated 30 September 2026. How we calculate

Borrowing £380,000? At 4.5% over 25 years you would pay £2,112.16 a month. Every rate and term is compared below.

At 4.5% over 25 years
£2,112 a month
Total interest
£253,648
Income needed (4.5x)
£84,444
Overpay £190 a month
save £40,168
£350,000 mortgage£360,000 mortgage£370,000 mortgage£390,000 mortgage
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Monthly payment£2,112.16a month

Borrowing £380,000 (90% loan to value). Total repaid £633,648, of which £253,648 is interest.

A £380,000 repayment mortgage at 4.5% over 25 years costs £2,112.16 a month. You would repay £633,648 in total, of which £253,648 is interest.

Monthly payments on £380,000 by rate and term

Rate 20 years 25 years 30 years 35 years
3.5% £2,204 £1,902 £1,706 £1,571
4% £2,303 £2,006 £1,814 £1,683
4.5% £2,404 £2,112 £1,925 £1,798
5% £2,508 £2,221 £2,040 £1,918
5.5% £2,614 £2,334 £2,158 £2,041
6% £2,722 £2,448 £2,278 £2,167

How £380,000 is paid off over 25 years

£0k£50k£100k£150k£200k£250k£300k£350k£400k0y5y10y15y20y25y
  • Balance still owed
  • Interest paid so far
At 4.5%. Interest is heaviest in the early years, when the balance is highest.

Total interest on £380,000 by term

  1. 20 years£196,977 (£2,404 a month)
  2. 25 years£253,648 (£2,112 a month)
  3. 30 years£313,144 (£1,925 a month)
  4. 35 years£375,320 (£1,798 a month)

A longer term lowers the monthly payment but adds interest. Stretching from 25 to 35 years saves £314 a month and costs £121,672 more overall.

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Questions people ask

What are the monthly payments on a £380,000 mortgage?

£2,112.16 a month on a 25 year repayment mortgage at 4.5%. At 4% it is £2,005.78 and at 5% it is £2,221.44. Interest only at 4.5% would be £1,425.00.

What salary do I need for a £380,000 mortgage?

At the usual 4.5 times income, about £84,444 for a single buyer or a joint household income. Some lenders go to 5 or 5.5 times, which would need around £69,091.

How much does overpaying a £380,000 mortgage save?

Paying £190 extra a month at 4.5% clears it about 3 years 6 months early and saves roughly £40,168 in interest. Check your lender's overpayment limit, often 10% a year on fixed deals.