Mortgage Overpayment Calculator

Discover how much you could save by overpaying your mortgage each month.

Mortgage Details

Mortgage Balance£250,000

Interest Rate (p.a.)4.5%

Remaining Term25 years

Monthly Overpayment£200

Interest Saved

£38,458

Time Saved

5y 1m

New Monthly Payment

£1,590

Summary

Standard monthly payment£1,390

Your overpayment+£200

Total monthly£1,590

Original term remaining25 years

New term with overpayments19 years 11 months

Note: We are not mortgage advisers. This calculator is for illustrative purposes only. Please check with your lender about overpayment limits and any potential early repayment charges.

Important: This calculator is for illustrative purposes only and does not constitute financial advice. Results are based on assumptions that may not reflect actual market conditions or your personal circumstances. Please consult a qualified financial adviser for personalised guidance.