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Mortgage Calculator

Sorry if this has been asked before - does anyone know of a mortgage calculator that calculates how much quicker my mortgage will be repaid if I over pay each month?
DON'T WORRY BE HAPPY ;)

norn iron club member no.1

Comments

  • mrcow
    mrcow Posts: 15,170 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    An easy one to use is Egg's calculator.

    Click here


    It allows regular overpayments or lump sums or offsets. I find it quite an interesting tool.

    If you need something more sophisticated, let us know ;)
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • mountainofdebt
    mountainofdebt Posts: 7,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Here's another one....certainly gave me food for thoguht!

    http://www.channel4.com/4money/mortgages/features/overpayment_calculator.html
    2014 Target;
    To overpay CC by £1,000.
    Overpayment to date : £310

    2nd Purse Challenge:
    £15.88 saved to date
  • cheghead
    cheghead Posts: 849 Forumite
    https://www.hsh.com/calc-amort.html

    (In $ but just substitue for £)
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Thanks for the calculators. But is there one that allows for offsets and show how much I have paid off at the end of each year. So I know how much interest and how much paid off the capital.

    As I am very challenged when it comes to maths.

    A spreadsheet will do.

    Many thanks in advance.


    Yours

    Calley
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
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