Mortgage Overpayment Calculator

See how much you could save by overpaying your mortgage with our free, easy-to-use Mortgage Overpayment Calculator.

Whether you're looking to reduce your loan term, cut down on interest, or simply pay off your mortgage faster, this tool gives you a clear picture of the financial impact of regular overpayments.

How the Mortgage Overpayment Calculator Works

To get started, simply enter the following details:

Current Mortgage Balance: The remaining amount you owe on your mortgage.
Interest Rate: The annual interest rate you're currently paying.
Mortgage Term: The number of years remaining on your mortgage.
Monthly Overpayment Amount: The extra amount you plan to pay each month on top of your regular mortgage payment.

What Your Results Show

Once you've entered your information, the calculator will show you:

How much interest you could save over the life of your mortgage.
How many months or years you could shave off your mortgage term.

Why Overpay Your Mortgage?

Making regular overpayments can significantly reduce the total cost of your mortgage. Even small monthly overpayments can lead to:

Thousands in interest savings.
A shorter mortgage term.
Greater financial freedom sooner.

How Each Input Affects Your Results

Mortgage Balance: The higher your remaining balance, the more potential there is to save on interest.
Interest Rate: A higher rate means overpayments have a bigger impact on reducing interest costs.
Term Remaining: The earlier you start overpaying, the more time your savings have to compound.
Monthly Overpayments: The more you can afford to overpay, the faster you’ll reduce your balance and term.

Need more help?

Get in touch today and speak to one of our team about your circumstances.

Speak to Us

Home Mortgages