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The lovely overpayment calculator can't help as I can't put in pay off x amount for 4 years then 1 lump some to pay it off. Anyone clever enough to work it out for me?

 

I'd like to be able to see the impact overpaying my mortgage by £x without having to sit 30mins in a phone queue to then say try this try that try the other.

 

Hi in pursuit of being mortgage free I?m looking for a calculator that will display my monthly payments considering the interest rate and fixed period but also allow me to enter a %?age of overpayment as opposed to a fixed amount.

 

I would like to put together a spreadsheet showing what the max overpayments should be per month until my mortgage product is paid off that will indicate what the saving in the payment term will be for doing so.

 

If your talking about the overpayment on a mortgage to repay quicker it's 10% of the original sum borrowed. So if you borrowed £100k you can overpay 10k per year regardless of the remaining balance. Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.

 

What are your combined salaries? What?s current interest rate and payment? What would be new interest rate and payment? Have you crunched the numbers in the Mortgage overpayment calculator?

 

Hi how does the mortgage overpayment calculator work with anyone who has a mortgage with the 10% overpayment rule applied?

 

Our mortgage has two components ? an interest only part and a repayment part. What I need help understanding is how should I best repay in the short term. The rough figures are: £558k interest only; £168k repayment. Term 22 years. Interest rate 5.44 We think we will be able to repay up to £240k next month.

 

Hello I was looking for a Mortgage Overpayment Calculator that works out the new monthly Mortgage figure when paying regular Overpayments.

 

Detailed mortgage overpayment calculator Janie1975 Posts: 46 Forumite 4 December 2023 at 3:42PM Hi all I'm on a mission to reduce and ultimately pay off my mortgage and have been regularly overpaying the 10% for the last few years.