Total interest to pay
£0 over 5 years
Mortgage payment would be
£0 per month
This is a repayment mortgage payment profile - the mortgage is repaid in full over it's term.
You will notice that as the mortgage nears the end of it's term the interest portion ( ---- )
of the capital and interest payment ( ---- )
starts to flatten out. This is because the capital balance ( ---- )
starts to reduce meaning more of your monthly payment can be used to repay more off the capital balance.