Mortgage overpayment calculator
Overpaying on your mortgage even by a fairly small amount can make a big difference to how much interest you’ll end up paying back in total. Our mortgage overpayment calculator will show you how both lump sum overpayments and monthly overpayments could help save you interest and reduce the term of your loan.
One thing you need to make sure you do first is to check with your lender if there are any early repayment charges on your mortgage if you overpay, as any additional fees may wipe out the benefit of the extra mortgage overpayments.
Simply input some basic information about your mortgage as well as some details about the type of mortgage overpayment you are intending to make and our mortgage overpayment calculator will do the rest.
Important notice
We've put this mortgage overpayment calculator together to help you get an idea of what your mortgage is likely to cost. However, the rates and figures shown are for illustrative purposes and realistically the rate you pay will change during your chosen mortgage term. Before taking any mortgage out you should get a personalised illustration showing the full costs and charges, and if you have any questions on this please speak to your adviser.
If you complete on a mortgage through L&C, L&C will be paid a commission by the chosen lender. L&C will share a percentage of this commission with the referring third party. The commission L&C receives doesn't affect the product or rate recommended to you.