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figures for paying off mortgage?

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i have £9200 left on my mortgage with no early payment penalties,and have a prudential endowment from a previous mortgage that started in about 1988 and finishes in april 2011.
the surrender value is 10,450,the monthly endowment is £22,my interest mortgage payments are £58 a month (isa endowment running alongside which i will carry on).
so over the 3.1/2 years left on the endowment i will pay £3360 mortgage and endowment payments,the forecast on the endowment is £12300 at 4%growth or £14400 at 8 %,it looks like i will be paying as much in,as i would get back,or would there be any terminal bonuses as well on top?

A pamphlet with the surrender values mentions something about reattribution of the inherited estates of with profits sub fund? and that it may affect any payment if i cash in,anyone know anything about this.

so do i pay off mortgage?

Comments

  • Mr_helpful
    Mr_helpful Posts: 3,233 Forumite
    Personal opinion only but I would.
    I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)
  • panny300
    panny300 Posts: 109 Forumite
    10 Posts
    thank mr helpful,does anyone know about the reattribution of the inherited estates of with profits sub fund? this is the only thing now stopping me paying off my mortgage.
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