Mortgage Overpayment Calculator
See how much you could save by paying extra on your mortgage
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UK Mortgage Overpayment Calculator: Save Thousands on Interest
How to Use the Mortgage Overpayment Calculator
Our mortgage overpayment calculator shows you exactly how much money and time you could save by making extra payments on your mortgage.
Types of Overpayments
You can make overpayments in two ways:
- One-off overpayments: Lump sum payments when you have extra money
- Regular overpayments: Extra amount added to your monthly payment
Understanding the Benefits
Mortgage overpayments can save you thousands in interest and reduce your mortgage term by years. Even small regular overpayments make a significant difference over time.
Important Considerations
Check your mortgage terms for overpayment limits (usually 10% per year without penalties). Make sure you have an emergency fund before making large overpayments.
Tips for Success
Start with small regular overpayments rather than large lump sums. Use windfalls like bonuses or tax refunds for one-off overpayments.