Working Out Overpayments?

MF2015

Having just started making overpayments, can anyone point me in the right direction of an overpayment calculator to work out how long and how much I will save.

I have found the egg one to be prity good but it only takes 2 overpayment lump sums in to consideration as well as a regular overpaments.

Thanks in advance.

autocasher

there's a good one here:

http://www.dinkytown.net/java/MortgagePayoff.html

[just ignore the fact that it's in dollars!] it's got a lot of options, and some fancy charts and graphs to show you lots of info about the overpayments.

and as an aside, the home page of this site, http://www.dinkytown.net, has loads and loads of similar calculators for all sort of financial planning...one of my fave favourites on my browser!

phizzimum

there's a sticky at the top of the page which has lots to choose from...the first one is pretty good (think it's channel 4)

MF2015

Thanks for the replies, the egg one is good but only lets you put two lump sum overpayment dates in and a regular monthly overpayment. I was looking for something a little more flexible, that would let me calculate if I added more lump sums.

Guess I'll have to write something in excel.

Jonbvn

You can download an excellent mortgage calculator from:
http://www.hsh.com/calc-amort.html

HTH.

MF2015

Jonbvn wrote: »

You can download an excellent mortgage calculator from:
http://www.hsh.com/calc-amort.html

HTH.

Thanks, but only one option of one lump over payment, and a monthly overpayment.

I was looking for one that would give the option of say 5 lumps plus a monthly overpayment, should see me hopefuly to my goal date, and calculate how much I'll save.

boybeck

This one is excellent.

http://www.jeacle.ie/mortgage/uk/

Jonbvn

MF2015 wrote: »

Thanks, but only one option of one lump over payment, and a monthly overpayment.

I was looking for one that would give the option of say 5 lumps plus a monthly overpayment, should see me hopefuly to my goal date, and calculate how much I'll save.

I think you need to do you calculations using a spreadsheet.

MF2015

boybeck wrote: »

This one is excellent.

http://www.jeacle.ie/mortgage/uk/

Thanks, just what I was looking for!

metalfury

I use this one:
http://www.whatmortgage.co.uk/calculators/fleximortgage.html

Just had a look myself to see the effects of my current overpayments; cheered me up no end :-) Looking forward to that financial independance!