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Offset mortgage savings calculator?
Soph
Posts: 74 Forumite
Hello
Does anyone know where I might find a calculator that can work out my term and interest saving on a 25 year interest only offset (savings only) mortgage where I:-
a) start with £3,000 savings offsetting
b) add £374 per month to my savings each month until the mortgage is paid off (and do not withdraw from this)
and
c) increase my mortgage payment by 3% at the end of each year
I can find plenty of calculators which allow you to calculate the impact of a set overpayment, but none that allow you to calculate an annual incremental increase to your payment. Natwest allow me to do the savings bit, but not the 3% bit.
Any ideas would be much appreciated...
Soph
Does anyone know where I might find a calculator that can work out my term and interest saving on a 25 year interest only offset (savings only) mortgage where I:-
a) start with £3,000 savings offsetting
b) add £374 per month to my savings each month until the mortgage is paid off (and do not withdraw from this)
and
c) increase my mortgage payment by 3% at the end of each year
I can find plenty of calculators which allow you to calculate the impact of a set overpayment, but none that allow you to calculate an annual incremental increase to your payment. Natwest allow me to do the savings bit, but not the 3% bit.
Any ideas would be much appreciated...
Soph
0
Comments
-
Try the one account calculator -
http://www.oneaccount.com/onev3/calculator/index.html
tHIS ALLOWS YOU TO PUT EXTRA % Per year , have a look:rotfl:0
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