Overpayment calculator
Could overpaying save you money?
See how a regular overpayment could shorten your mortgage term and reduce the total interest you pay. Check your lender's overpayment allowance first, as early repayment charges may apply.
Outstanding balance (£)
250000
Interest rate (%)
4.5
Remaining term (years)
25
Overpayment frequency
Monthly
Weekly
Bi-weekly
Yearly
Overpayment amount (£)
200
One-off lump sum (£)
0
Time saved
0 years
Interest saved
£0
0y
New term
£0
Current payment
£0
New payment
£0
Total repaid
Balance over time
Monthly balance breakdown
⌄
For illustration only, assumes your rate stays the same for the rest of the term. Overpayment amounts are converted to a monthly-equivalent for the calculation, and any lump sum is applied at the start. Check your mortgage terms allow overpayments without an early repayment charge.
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Our calculators are for illustration only. They don't take your full circumstances into account and aren't a mortgage offer or personal advice.
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