A Repayment mortgage is a type of home loan where you repay a some portion of the total amount, which is the amount you borrowed, along with the some interest each month.

How do repayment mortgages work?

  • For first few years you repay the maximum amount of interest rate and less amount of the capital.
  • With time, the balance shifts, with less going towards interest and more towards paying off your loan.


Fairway mortgage calculator can help you work out how much you could pay every month based on loan size, interest rate, fees and mortgage term.