MORTGAGE TOOLS
See how a regular monthly overpayment could reduce your mortgage term and the total interest you pay.
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
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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.
Talk to an adviserThis calculator gives a quick estimate. For advice tailored to your circumstances, speak to Quanstrom Financial.
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