Mortgage Overpayment Calculator

Quick, easy, accurate overpayment estimates. Plan your mortgage smartly!

Overpaying on your mortgage might seem like a daunting task, but it can unlock significant benefits that can revolutionize your financial future. By making strategic overpayments, you can reduce your mortgage term, save on interest, and ultimately achieve financial freedom sooner.

Mortgage Overpayment Calculator

Regular Monthly Overpayment

By making the above overpayments monthly you would

Reduce your total interest to be paid by


Reduce your mortgage term by


With the overpayments you will finish your mortgage in


Main Contact Form
Tick this box if you want your details to be stored on our database, which may then be used for marketing purposes. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our privacy policy. Email communications are not secure and for this reason Alexander Southwell Mortgage Services Ltd cannot guarantee the security of the email, its contents or that it remains virus free once sent.

What are Mortgage Overpayments?

Mortgage overpayments are essentially additional payments made towards your mortgage balance beyond your regular monthly installments. These overpayments can be applied to the principal amount, reducing the outstanding debt and accelerating your repayment schedule.

The overpayments can be made as a regular monthly payment or as lump sum overpayment.

Why Overpay on Your Mortgage?

Overpaying on your mortgage offers a plethora of advantages, including:

    1. Shorter Mortgage Term: Overpaying reduces the principal amount faster, bringing you closer to mortgage-free status. This can help you gain control over your finances and enjoy the freedom of owning your home outright.

    2. Lower, Interest Charges or monthly mortgage payment: By reducing the outstanding debt, you’ll accumulate less interest over the term of your mortgage. This translates to significant savings on the total interest paid,making a regular overpayment is a worthwhile investment.

    3. Accelerated Equity Gain: As you pay off your mortgage faster, you’ll build equity in your property at a faster pace. This equity can be used for various purposes, such as securing further financial investments or funding future expenses.

    4. Increased Loan Flexibility: Overpaying can enhance your loan flexibility, allowing you to access equity without the hassle of remortgaging. This can prove valuable when life throws unexpected expenses your way.

Mortgage Overpayment Calculator: A Tool for Informed Decisions

To determine the potential benefits of overpaying on your mortgage, our interactive mortgage overpayment calculator can provide valuable insights. Simply enter your current mortgage details, including the outstanding balance, interest rate, and desired overpayment amount, and the calculator will generate personalized results.

Be aware, most fixed mortgage do have limits of what you can overpay, if you exceed these limits you might have an early repayment charge to pay.

Using Our Mortgage Overpayment Calculator

Our mortgage overpayment calculator allows you to:

    1. Estimate the impact of overpayments on your mortgage term: See how much time you can save by making regular overpayments to the bank.

    2. Calculate the potential interest savings: Understand how overpayments can reduce the overall interest paid.

    3. Visualize the impact on equity: Observe how overpayments accelerate your equity accumulation.

    4. When it comes to your mortgage balance, make sure you don’t exceed your early repayment charge limit. With most fixed rates this sits at 10% in that particular year. If you exceed this figure then early repayment charges will apply

Maximizing the Benefits of Overpayments

To maximize the benefits of overpayments, consider these strategies:

    1. Make regular overpayments: Consistency is key to achieving your mortgage goals. Aim to make regular overpayments regularly, even if it’s a small amount.

    2. Set aside dedicated overpayment funds: Automate overpayments by setting up a regular transfer from your savings account to your mortgage account.

    3. Consider lump sum overpayments: If you have a lump sum of money available, consider making a lump sum overpayment to further accelerate your mortgage repayments.

    4. Utilize salary sacrifice: Some employers offer salary sacrifice plans, which allow you to contribute a portion of your salary towards your mortgage repayments, reducing your taxable income and increasing your overpayments.

Our mortgage overpayment calculator shows you can effortlessly explore the impact of both regular monthly overpayments and lump sum payments on your mortgage balance.

Whether you choose to increase your monthly payments or make periodic lump sum overpayments, our tool provides a comprehensive overview of how these adjustments can contribute to substantial savings in the long run.

The calculator vividly illustrates how your regular monthly overpayments remain consistent, allowing you to visualize the shortened loan term and reduced interest payments over time.

Additionally, it dynamically calculates the potential savings when you decide to inject a lump sum into your mortgage, highlighting the total interest saved. We understand the significance of every pound saved, and our tool is designed to help you maximize your savings, enabling you to save money while efficiently managing your mortgage.

Contact Us, Our Mortgage Experts Can Help Today

Our mortgage experts are here to guide you through the intricacies of overpayments and help you create a personalized plan that aligns with your financial goals and circumstances. We’ll ensure you’re making informed decisions and maximizing the benefits of overpayments to secure your financial freedom.

Embark on your journey to financial freedom by unlocking the power of mortgage overpayments, make an overpayment today. Our mortgage calculator and expert guidance are here to support you every step of the way to potentially lowering your monthly payments or saving on monthly interest.

STOP! You cannot copy content of this page

Scroll to Top

You are now leaving the Alexander Southwell Mortgages website. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to this site.

You will be redirected shortly.

This website uses cookies to ensure you get the best experience.