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Overpayment Calculator
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Birdy12
Posts: 589 Forumite
I know there's an overpayment calculator thread on here, however. I tried to use the MSE one a couple of days ago and it didn't seem to be working.
I'm just wondering if any of you lovely birds can point me in the direction of a good (simple) calculator to use that will tell me how much extra we need to pay each month to reduce our mortgage term from.
We've just had our annual mortgage satement through and it would be fantastic to reduce the mortgage term from 14 years 10 months to 10 years, 8 months.
Life hasn't always gone according to what I thought so don't normally do long term plans but the thought of paying off in around 10 years is stuck in my brain now...
Cheers, Birdy
I'm just wondering if any of you lovely birds can point me in the direction of a good (simple) calculator to use that will tell me how much extra we need to pay each month to reduce our mortgage term from.
We've just had our annual mortgage satement through and it would be fantastic to reduce the mortgage term from 14 years 10 months to 10 years, 8 months.
Life hasn't always gone according to what I thought so don't normally do long term plans but the thought of paying off in around 10 years is stuck in my brain now...
Cheers, Birdy
It's wouldn't have not wouldn't of, shouldn't have not shouldn't of and couldn't have not couldn't of. Geddit?
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Comments
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This is quite a good quick Calculator with easy to view options
http:/www.drcalculator.com/mortgage/uk/ just amend all the options to suit your particular circumstance
You could always make your own on an Excel document which is what many members have done.
Just google 'mortgage calculator excel' or something along those lines.
Also see this excellent guide from Locoblade
https://forums.moneysavingexpert.com/discussion/1157173Mortgage @ April 2010 £86000 (18yr 2 yr Fixed 3.99 then 1.99 over BR - Currently 2.49)
Balance @ Jan 2017 £56992
Over payment's to date £2100
MF Date - March 2020 or sooner0 -
It's OK, I've just found the sticky at the top of the page. Can't believe I missed it! Silly Cow, will open my eyes more.
BirdyIt's wouldn't have not wouldn't of, shouldn't have not shouldn't of and couldn't have not couldn't of. Geddit?0 -
The MSE one is back working
K_KMortgage Paid Off 5th October 2013
Back on with £71,000 July 2014
Current Balance £584020 -
Here's a link to another one that you can easily create yourself (read the thread, FB has linked to them):
https://forums.moneysavingexpert.com/discussion/3734901Rule 7: If you're not changing it, you're choosing it.
MFW 2020: 1 Jan £92903.90 ~ OP £536.80/£500
MFW 2021: 1 Jan £89281.21 ~ OP £404.62/£500
MFW 2022: 1 Jan £85579.20 ~ OPs on hold.0
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