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Mortgage calculators?

KajiKita
KajiKita Posts: 8,172 Forumite
1,000 Posts Fourth Anniversary Name Dropper Photogenic
in Mortgage-free wannabe
I've been doing an end of year financial review and hubby has asked me where our balance will be in 3 years time when we come to re-mortgage - we're hoping our debt to asset ratio won't be quite as weak .... 😉

I need a mortgage calculator for the next 3 years that I can use from today's balance (its too complicated to do from the start of the mortgage two years ago due to taking a payment holiday during furlough). 

Can anyone suggest one? Everything I've so far has been difficult to get the numbers right from (my current monthly mortgage payment doesn't tally with what the calculators are telling me).

Thanks in advance :-):smile:
As at 15.09.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £230,969
- OPs to mortgage = £12,270 Interest saved £5,816 to date
Fixed rate 3.85% ends October 2030

Read 53 books of target 52 in 2025, as @ 26th September
Produce tracker: £389 of £300 in 2025

Watch your thoughts, they become your words.
Watch your words, they become your actions. 
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Comments

  • savingholmes
    savingholmes Posts: 29,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    https://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator/

    MSE has it's own mortgage calculator. If you put in today's balance and your remaining term it will indicate where you should be in 3 years time. It also has an overpayments calculator which can indicate how much you'd save if you over-paid. What it doesn't do well is show months...


    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 13/9/25
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