Overpayment calculator - here

halloweenqueen_2

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

Good Luck HQ, thats a good thought isnt it?

halloweenqueen_2

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

Maybe you will win on the Premium Bonds ... here's hoping!
I keep thinking of getting some but have never got round to it.

halloweenqueen_2

Hoping to!!

$17mma

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?

Miss_Penny_Pincher_2

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

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

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

please could someone point me in the direction of nice easy to use interest only mortgage calculator?

thanks