Work Out The Cost Savings Of Making An Overpayment On Your Mortgage
If you are lucky enough to have some spare cash, you might want to make a mortgage overpayment to help reduce your debt. There are of course pros and cons of doing this which are discussed fully in our mortgage overpayment guide. Before you use the mortgage overpayment calculator, bear in mind that not all mortgages allow overpayments.
If you are able to make overpayments with your mortgage, then use our overpayment mortgage calculator now to work out how much interest it could save you in the long term.
Mortgage overpayment calculator
1 Enter how much you are borrowing or intend to borrow
2 Enter the interest rate
3 Enter the mortgage term remaining
4 Select the repayment type of your mortgage
5 Enter any lump sum payment that you expect to make and the expected date
6 Enter the amount you plan to regularly overpay and the frequency