Mortgage Overpayment Calculator

See how much you can save by overpaying your mortgage

How do overpayments work?

Regular overpayments reduce your mortgage balance faster, shortening the term and reducing total interest paid. Most lenders allow overpayments of up to 10% of the outstanding balance per year without an early repayment charge. Check your mortgage terms before overpaying.

Your mortgage

£200,000
4.5%
20 years
£200

Additional amount on top of your standard payment

Savings

Interest saved
£22,937
and 4.0 years shorter
Current monthly payment£1,265.30
Payment with overpayment£1,465.30
Current total cost£303,672
New total cost£280,735
Discuss overpayments

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This calculator gives indicative figures. Our advisers will calculate your exact options for free.

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