looking for a calculator

Running_man

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

CathT

you could try using the spreadsheet on www.thismuchiknow.co.uk as it gives a detailed breakdown.

CathT

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.

getmore4less

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 breakdown

pickle

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/