Mortgage calculators?

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 20.01.24:
- £16,360 of target £20,000 YNAB savings pots and EF (been doing quite a bit of work on the house this summer)
- When bought house £315,995 mortgage debt and end date at start = October 2039 <gulp>, now £258,213 end date brought closer by 2 months (also caught up mortgage holiday during furlough) 
- OPs to mortgage = £5,804, Interest saved £2033, to date
- LTV 52% @ccord, 51% Yopa
Fixed rate 2.17% deal ends October 2024

Proud member of Tilly-Tidy Club since January 2022:
TOTAL for 2022 = £2,008.67, £2023 = £1,202
Jan ‘24 £3.05

Read 5 books of target 52 in 2024 (as @ 10th February) 
Produce tracker: £9.00 of £300 target 😊

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

Comments

  • savingholmes
    savingholmes Posts: 26,800
    Name Dropper First Anniversary Photogenic First Post
    Forumite
    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 by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF)
    2) Mortgage neutral by June 2030 AVC £7,613/£127,466 AVC target 5.97%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
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