Overpayment calculator - here

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Comments

  • halloweenqueen_2
    halloweenqueen_2 Posts: 3,312 Forumite
    If I can carry on overpaying the amounts i have the last couple of months I could be mortgage free in about 5 years - well its an ambition I suppose!
  • aliwatts
    aliwatts Posts: 651 Forumite
    First Post First Anniversary Combo Breaker
    Good Luck HQ, thats a good thought isnt it?
    :hello: Laugh and smile everyday, it keeps you healthy ! :wave:
    Thanks for everybodies help on here, what a great community !
  • halloweenqueen_2
    halloweenqueen_2 Posts: 3,312 Forumite
    Yeah =don't know how workable it is, but I've managed to ebay another £30 but I don't think thats going to reach me until June - thats going to be depressing starting from nothing again!!!!!
  • Miss_Penny_Pincher_2
    Miss_Penny_Pincher_2 Posts: 660 Forumite
    First Anniversary Combo Breaker
    Maybe you will win on the Premium Bonds :D ... here's hoping!
    I keep thinking of getting some but have never got round to it.
  • halloweenqueen_2
    halloweenqueen_2 Posts: 3,312 Forumite
    Hoping to!!
  • $17mma
    $17mma Posts: 2,619 Forumite
    Name Dropper First Anniversary Combo Breaker
    cazmanian_minx wrote:
    Egg's got one as well -

    http://new.egg.com/visitor/0,2388,3_54988--View_1028,00.html

    Caroline


    With this calculator when putting in the term do you enter it in months?
    All it takes for evil to succeed is for a good man to do nothing!
  • Miss_Penny_Pincher_2
    Miss_Penny_Pincher_2 Posts: 660 Forumite
    First Anniversary Combo Breaker
    On the Egg calculator the term is in years.

    Halloweenqueen you inspired me to finally buy some Premium Bonds!! Only bought £100 though as I want to pay as much as possible towards the mortgage. Just waiting for the forms to come through etc now.
  • humfer
    humfer Posts: 1,779 Forumite
    http://www.loanbright.com/edirectlending/calc_amortization.html

    I have used the one above for ages now and out of a load I haved used its great. best thing I find is as well as telling you how much you can save by overpaying it also gives you a full amortisation table letting you know how much capital and interest you pay each month - only by seeing in print how much interest you pay each month, does it spur you on to try and make overpayments!! Its a US site and in dollars but that doesn't matter. Just subsitute the dollar sign for a pound sign
  • Gillybean
    Gillybean Posts: 290 Forumite
    First Anniversary Combo Breaker
    Wow,

    I'm new to this site and once our tie in period for our current mortgage ends next Feb, we'll be switching to a mortgage that will allow us to overpay.

    At the moment we're banking the money, but we plan to overpay by £400 a month, wich means we'll be mortgage free in 13 years if we stay in this house!

    We're not planning on staying, however, but it's just amazing how much you can save in interest, and how much more deposit we'll have to put towards our next home.

    Overpaying rocks!

    Gillybean
  • lowis
    lowis Posts: 1,952 Forumite
    Combo Breaker First Post
    please could someone point me in the direction of nice easy to use interest only mortgage calculator?

    thanks
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