How to calculate effectiveness of over paying my mortgage !

blueberrypie

rover25 wrote: »

Its a repayment mortgage Should have guessed it wouldn't be that simple. Anyone have idea how much would be owed on 165000 mortgage if pay off 1000 per month extra on top on owed eg £850 per month for 3 yrs taking an average of 5% interest rate

2nd question is is the 9.3 yrs right that that site worked out for me?
Thanks

Have a look at the Egg Mortgage Calculator. It will allow you to see in simple terms what difference monthly overpayments and/or lump sum overpayments will make both to your term and to how much you'll have paid in total. http://new.egg.com/visitor/0,2388,3_54988--View_1028,00.html