Mortgage Overpayment Calculator

Mortgage Amount (£): Term (years): Interest Rate (%): Monthly Overpayment (£):

Please check your mortgage offer for early repayment terms. Many lenders allow up to 10% of your balance per year without penalty. This is often under a section called “Flexible Features” or “Additional Features.”

Results

How this calculator works

How this calculator works
This tool is designed to help you understand how regular mortgage overpayments might reduce your overall interest costs and shorten the term of your mortgage. It provides an illustration based on the information you enter and assumes a consistent interest rate and monthly payment throughout the term.

Please note:
– The results are estimates only and do not constitute financial advice.
– Calculations assume overpayments are made every month from the start of your mortgage term.
– This calculator does not account for early repayment charges, changing interest rates, or other flexible features your mortgage may include.
– Most lenders allow you to overpay up to 10% of your balance per year without incurring a fee — check your mortgage offer under sections like “Flexible Features” or “Additional Features.”

For tailored advice based on your individual circumstances, please get in touch or book an intro call with us.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IMPORTANT: With investments, your capital is at risk. Pensions and investments can go down in value as well as up, so you could get back less than you invest.

Need Financial Planning Ltd is registered in England and Wales no. 10901658. Registered office, 123 High Street, Broadstairs, Kent, CT10 1NQ. Authorised and regulated by the Financial Conduct Authority. Need Financial Planning Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 977136. If you wish to register a complaint, please write to [email protected] or telephone 01843 228800. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.