See how much sooner you could be mortgage-free – and what it saves
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Paying a little extra off your mortgage each month – or putting in a lump sum when you can – can knock years off your mortgage and save thousands of pounds in interest. This calculator shows you exactly how much, month by month, for up to 40 years. It checks every overpayment against your lender's early repayment charge (ERC) allowance, shows how your equity and loan-to-value (LTV) improve, compares overpaying with saving, investing or paying into a pension, and helps you compare remortgage deals for when your current deal ends.
See how it works
The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.
Step 1
All your inputs: your home, your mortgage, your overpayment plan and repeat lump sums. What you do: fill in the yellow cells.
Step 2
Every monthly payment for up to 40 years, without and with overpaying, plus the ERC check, home value, LTV and equity. What you do: nothing to enter – use it to check any month.
Step 3
The headline comparison, when you reach each LTV band, a year-by-year summary and four charts. What you do: nothing to enter.
Step 4
What your planned overpayments could be worth if you saved, invested or paid them into a pension instead. What you do: enter the rates you could get.
Who it is for
Quick start
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Checkout takes a minute and you get a receipt by email.
Your download link arrives as soon as payment clears.
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Part of AML Finance Group
Our sister firm, AML Accountancy Solutions, is an award-winning accountancy practice helping businesses and individuals across the UK with their accounts, tax, bookkeeping and payroll.
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