MORTGAGE Mortgage Overpayment Calculator
See how much you could save by overpaying your mortgage
By overpaying
£49,945 saved
Mortgage-free 6 years and 2 months sooner
Without overpay
£379,755
Total cost of mortgage
22 year term
With overpay
£329,810
Total cost of mortgage
16 years term
Your Monthly Numbers
Balance Over Time
Original mortgage vs overpayment schedule
| Year | Original Bal. | Overpay Bal. |
|---|---|---|
| Yr 1 | £214,706 | £211,014 |
| Yr 2 | £209,114 | £201,521 |
| Yr 3 | £203,206 | £191,493 |
Before you overpay
- Check your lender's early repayment charges (ERCs) -- many fixed-rate deals limit overpayments to 10% of the balance per year
- Build an emergency fund first -- once overpaid, you can't easily get the money back
- Pay off higher-interest debts (credit cards, loans) before overpaying your mortgage
Want to see the full mortgage breakdown?
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Based on your £275,000 property with a £55,000 deposit — connect with a professional who can help.
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