Mortgage repayment calculator

GDJTAM

So the wife is watching the soaps and I'm tinkering on the Laptop, mmmm when will my mortgage be paid off I ask myself. I have £65237 and I'm on a tracker paying 1% above BBR. I am paying £555.91 and from 1/4/2015 I start overpaying £94.09 to pay a total of £650 p/mth.


When I use the MSE overpayment calculator I can only insert years left. I have (pre overpayment) 10 years 6 months left but now I will be overpaying I want to recalculate the new term years/months.


I can not find a calculator that allows you to insert years and months for the existing term.


Can anyone help please?

dimbo61

You could try "whatsthecost" and reduce the years/months so you end up with £650 a month.
Rough idea

dimbo61

£646 a month over 9 years!!!
That is IF the BOE rate stays at 0.5% for another 9 years

GDJTAM

dimbo61, 8 years 11 months (sounds better than 9!). Many thanks dimbo, you got me through the soaps and I now know roughly how long I have left on my mortgage. Thank you