Mortgage Overpayment Calculator

10 Dec 2007

After writing the Mortgage Overpayments article, I decided to put together an overpayment mortgage calculator, so you easily work out how much you can save by making overpayments. The tool calculates how much you can save, along with how much time you will be shaving off your mortgage.

Most lenders allow at least 10% penalty-free overpayments per annum, but it’s important you check with your lender. For more details on mortgage overpayments I would recommend reading the Mortgage Calculator article.

Mortgage Overpayment Calculator
Loan Amount (£)
Interest Rate %
Loan Period Years
Overpayments per month(£)
Monthly Payment
Repayment (£)
Total Payment (£)
Term
New Monthly Payment
Repayment (£)
New Total Payment (£)
New Term
How much can I save?
Saved Years
Saving Amount (£)

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Talk / 2 Comments left so far

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Mike Barker wrote this on 2010-03-23 10:25:02 I want to do a calculation for overpayment on a interest only mortgage? 1
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MRS J WATSON wrote this on 2010-08-26 08:11:09 Found this very helpful, many thanks, just shows how much you can save with overpaying.
Cheers. 2

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