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Mortgage Overpayment Calc on Fixed Term
Lancs78
Posts: 5 Forumite
Hi Everyone
Our Mortgage deal allows 10% overpayment Annually. We would like to make the overpayment every year until our fixed term is up in Oct 2027 and ideally pay off the balance.
Mortgage Balance £83,000
Term 13 Years
Fixed Term 4 Years @ 4.5%
Monthly Mortgage payment £700
Overpayment 10% annually
Is there a Calulator out there that can help with this Calculation ?
If anyone can help that would be greatly appreciated.
Our Mortgage deal allows 10% overpayment Annually. We would like to make the overpayment every year until our fixed term is up in Oct 2027 and ideally pay off the balance.
Mortgage Balance £83,000
Term 13 Years
Fixed Term 4 Years @ 4.5%
Monthly Mortgage payment £700
Overpayment 10% annually
Is there a Calulator out there that can help with this Calculation ?
If anyone can help that would be greatly appreciated.
0
Comments
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Locoblade's spreadsheet is a good place to start - used by quite a few people on this forum
http://www.locostfireblade.co.uk/spreadsheet/Index.html
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