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Overpayment overview
notyet
Posts: 49 Forumite
Hi all. I have never really been shown how to calculate mortgage rates and total debts, so relied on advice to steer me through. My mortgage has 6yrs left and my monthly payment is roughly 389 a month. However, I have been paying 400 every month to try reducing the overall debt. I thought about paying more but would be hit with some fees. Is this tiny monthly overpayment really helping?
0
Comments
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Put the figures into here and it shows how much you’ll save
https://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/
MFW 2025 #50: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,0001 -
Why get hit by fees?
£11pm is not a very big overpayments.
What are the details of the mortgage.0
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