Interest only overpayment calculator needed please

bigliz

I did find one link but it wasn't working

cazmanian_minx

The Egg calculator copes with interest only mortgages - http://your.egg.com/visitor/mortgages/calculator/landing.aspx - select "I'll use my own interest rate" from the What is most important to you? box, stick your rate in and change the Mortgage type in Your Details from Repayment to Interest Only. You can then play around with entering various overpayments, either lump sum or monthly.

Caroline

bigliz

Thanks Caroline, I followed the link but it is a mortage calculator and when I add my salary it assumes I want a repayment mort and blocks me from going further, I think I am jinxed!

cazmanian_minx

I got it to work last night - you might have to tell it you want a re-mortgage on the first screen instead of a new mortgage. If you're still having problems with it, let me know and I'll do step-by-step instructions for how I got it working.

Caroline

mookybargirl

Is there any other calculators out there please for interest only. I've tried using this one but can't seem to get it working....

Welshlassie

We're on Interest Only and I use the Egg calculator from this link http://new.egg.com/visitor/0,2388,3_54988--View_1028,00.html

The very first option is "repayment, interest only or bit of both".

Very useful tool.

watcherman

Bottom of this page, does repayment and interest only:

http://www.co-operativebank.co.uk/servlet/Satellite?cid=1076576252029&pagename=CoopBank/Page/tplPageStandard&c=Page