Mortgage calculation with monthly overpayments and a shorter loan term
Property, loan, and early repayment details
Payment reduction recalculates the payment after each overpayment over the remaining term. The fixed extra amount is added to the new payment. Large overpayments can still repay the loan early.
Optional scenario for comparison with saving without purchasing a property
Enter the amount you can save after paying rent and other expenses. Rent is reported separately and is not deducted from savings again.
The calculator does not automatically equalize spending between the two scenarios. To compare them with the same budget, take mortgage payments and overpayments into account when setting your monthly savings.
Both scenarios are compared when the mortgage is fully repaid, including early repayment. Savings are not projected beyond that date.
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