MORTGAGE OVERPAYMENT CALCULATOR

You can use our mortgage overpayment calculator to find out how much money you can save on interest over the life of your mortgage. If you have any other questions just get in touch with our advisors who will be happy to help!

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.

How to Use Mortgage Overpayment Calculator

Enter how much you are borrowing or intend to borrow
Enter the interest rate
Enter the mortgage term remaining
Select the repayment type of your mortgage

Enter any lump sum payment that you expect to make and the expected date
Enter the amount you plan to regularly overpay and the frequency
Calculate!

How much do you want to borrow?

Interest rate

Remaining mortgage term

years

Loan type

One off overpayments

Amount

When

Regular overpayments

Amount

Frequency

Calculate

Payment Details

Monthly Principal & Interest	Less Number of Payments	Less Total Interest paid over the term
—	—	—

Payment Chart

This illustrates how your outstanding mortgage balance will decrease over the term of your loan. This does not account for interest rate changes or other fees such as early repayment charges.

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About Author

Matthew Tansley

Hello! I’m Matthew and I’m an expert in making, saving, and borrowing money!

Home loan mortgages, development finance, commercial lending, etc (oh the joy) were not exactly the things I dreamed of dealing with as I was growing up. But with 10+ years of financial wizardry under the belt, it has become something of a passion and outlet for providing help to those that need it.

“Knowledge is power is time is money”

The vast majority of cases are handled free of charge! However, there are some more complex situations where a fee will need to be applied.

We will ALWAYS let you know this UPFRONT and with no commitment on your part. Transparency is integral to our service.