Overpayment calculator - here 22 February 2006 at 5:44PM edited 19 October 2010 at 10:34PM in Mortgage-free wannabe 396 replies 546K views

Thefunkygibbons

There are several of these

Here is one

http://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator

EDIT: link changed 2010

exil

Doesn't take inflation into account.

cazmanian_minx

Egg's got one as well -

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

Caroline

raeble

Ooh that's a nice calculator, if I overpay by two hundred pounds a month I'll finish my mortgage in 7yrs 2 months instead of 19 years.

roswell

thats brilliant confirms my theory that money paid of the morgage is better than money being saved in an offset allthough if you use the chunk of savings to make a lump sum it makes a massive differance.

Joe_Bloggs

@roswell which calculator did you use and what numbers did you use to test your theory ? Do the calculators indicate the taxation of interest were the savings held in taxable accounts as opposed to offset accounts ?
J_B.

dang

This thread would be a good Sticky.

richgirl

Heres another mortgage repayment calculator

http://www.moneyforums.co.uk/mortgage_calculator.php

Inputs -
Mortgage: (Loan Amount)
Interest Rate %
Loan Length (In Years)
Payment Frequency Bi-Weekly / Monthly

Argonaut_2

Hi All,

This is the mortgage calculator I have always used. I think it is one of the best around. Let me know what you think!

A

Argonaut_2

Dear All,

Of course it might help if I included the link......

http://www.jeacle.ie/mortgage/

A

charlie007

wow, am impressed, may sound stupid but i pay by direct debit, who do i contact to increase the monthly amount?