Mortgage Calculator 2 – If I overpay on my monthly mortgage payments how soon will I pay off my mortgage?

Many of us look forward to the day when we will be mortgage free. You might be surprised what a big difference over paying your mortgage could make. This simple calculator is designed to give you an approximate indication of how overpaying on your repayment mortgage each month will reduce the term of your mortgage. It makes certain assumptions, such as, that the interest rate is fixed for the whole term and that no fees, charges or additional borrowing will be added to the mortgage. The results are for illustration purposes only. For further assistance, advice or an accurate Key Facts Illustration,please contact us.



Mortgage – Monthly overpayment calculator Principal* (£)  Amount should be between £ 1 to 350000 Please enter the amount without commas Annual interest rate* (%)  Rate should be above 0 and below 100 Monthly payment* (£)  Amount should be between £ 0 to 350000       Terms in Year(s)     Month(s)

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.