When everyone has a home

Housing advice for Northern Ireland

How will your mortgage change if interest rates rise?

Mortgage interest rates have been low for a number of years but they'll probably increase soon.  Unless you've got a fixed rate mortgage, your payments will go up once the interest rate increases.  Use this calculator from Shelter to work out how much more you'll have to pay. Then use our other tools to make changes to your household budget. 

Shelter's mortgage interest rate rise calculator

Mortgage interest rise calculator

See how rising interest rates could affect your monthly mortgage payments if you have a variable rate or tracker mortgage or after a fixed rate period comes to an end

Current mortgage balance


Current interest rate


Years left

Please complete all fields

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Adjust the slider to see the effect of different interest rate rises

Results are approximate and for guidance only

Tool created by Shelter, the housing and homelessness charity