Mortgage Overpayment Calculator
Use our mortgage overpayment calculator to see how you could affect your monthly payment and term by making overpayments on your mortgage.
These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.
About Your Result
All the results using our overpayment calculator do not take into consideration any overpayment
restrictions or early repayment charges, so bear that in mind. Additionally, this calculator
assumes that your interest rate will stay the same across the entire mortgage term, so it doesn’t
take into account any future interest rate variability.
If you’re considering making overpayments and simulating it through our overpayment mortgage
calculator, it’s important to note that certain mortgage types only allow you to overpay your
mortgage balance by a maximum of 10% per year. It’s important to speak to your lender about
this before you start aggressively overpaying.
The goal of overpaying your mortgage is to reduce the total debt of your mortgage balance,
NOT to reduce monthly payments. Overpaying your mortgage balance is the main benefit of it
all, so make sure you’re going into it with that mindset.
We’re all ears.
Let’s have a chat about what you need and how we can help.
