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looking for a calculator
Running_man
Posts: 140 Forumite
Hi
Have been looking at overpayment calculators.Cannot find one that tell you what happens when paying a set amount each month.
e.g. if mortgage is 200 per month but you paying say 250 every month -on first month overpayment would be 50
But every month after would be little bit more due to reduction in capital (51 second month 52 third etc)
Now all calculators i can see just let you put in set amount of overpayment
is there one out there i am missing which would allow me to do this
Have been looking at overpayment calculators.Cannot find one that tell you what happens when paying a set amount each month.
e.g. if mortgage is 200 per month but you paying say 250 every month -on first month overpayment would be 50
But every month after would be little bit more due to reduction in capital (51 second month 52 third etc)
Now all calculators i can see just let you put in set amount of overpayment
is there one out there i am missing which would allow me to do this
Remember only people who say money doesn't matter have already got enough :think:
0
Comments
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you could try using the spreadsheet on www.thismuchiknow.co.uk as it gives a detailed breakdown.Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!0
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try this link if above one not working http://www.thismuchiknow.co.uk/?p=42 you need to download the workbook then you can add in your specific figures.Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!0
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http://www.whatsthecost.com/mortgage.aspx
does close to what you want.
set to interest only->put in your payment->calculate->details
Month by month breakdown0 -
I love this one, you can add in overpayments as a set monthly amt and for shorter periods. It has pie charts etc. as well.
http://www.drcalculator.com/mortgage/uk/0
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