Mortgage Overpayment Calculator #equity #mortgage


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator #first #time #mortgage


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator: Pay off your debt early #land #mortgage


#interest calculator mortgage

#

Ultimate Mortgage Calculator New!

Before overpaying your mortgage, check that your lender allows you to overpay it penalty-free, and if there are any limits as to how much you can overpay.

Ensure that any overpayment you make goes to reduce the debt (so shortening the term) rather than reducing your monthly payments. This calculator assumes you reduce the mortgage debt, which is the main benefit of overpaying.

Overpaying would save you <> in interest alone,

and mean you pay the debt off in full <> years <><> earlier.

Normally you repay <> per month. If you regularly overpay <> overpay a lump sum of <> % and a regular overpayment of <> overpay a lump sum of <> %. you’d be mortgage free <> years and <><> earlier. before your interest-only mortgage term is due to end. have <> mortgage debt remaining at the end of your term. Your total payment over this period would be <> .

Also note: If you’d face a large penalty for overpaying, consider reducing the term of your mortgage, for a small fee. This increases your monthly payments, in effect permanently overpaying.

Could you get a cheaper rate?

Use the MSE’s Mortgage Best Buys Comparison to find the best deal for you.

Your mortgage debt over time

IMPORTANT! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It’s important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Assumptions

In order to create these results, we have had to make a few assumptions:

  • 1) Interest is charged monthly.
  • 2) Interest rate stays the same over the term.
  • 3) If you selected ‘Interest only’, we assume your standard monthly payment doesn’t decrease even if you pay off some of the balance.

Martin’s FREE Printed Mortgage Help Booklets

  • First Time Buyers Guide Printed or PDF
  • Remortgaging Guide Printed or PDF

Online Mortgage Guides

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • We don’t AS a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the section 75 guide for protection tips).
  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code .

More tools from MoneySavingExpert

Budget Planner

Free tool to analyse your finances and scrutinise spending.

Premium Bonds Calc

Unique tool uses probability to estimate winnings.

EBay Local Deals Mapper

Find cheap pick-up only items near you – they often attract fewer bids.

MobileValuer.com

Selling an old mobile phone? It compares who pays the most.

Credit Card Eligibility Calc

Shows which top cards you’re most likely to get.

MegaShopBot.com

Instantly searches the best shopping comparison sites.

Cheap Energy Club

Ensures the cheapest energy deal constantly.

TravelMoneyMax.com


Mortgage Overpayment Calculator #current #mortgage #interest #rate


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator #mortgage #rate #news


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator #refinance #mortgage #rates


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator: Pay off your debt early #mortgage #calculator #taxes #insurance


#interest calculator mortgage

#

Ultimate Mortgage Calculator New!

Before overpaying your mortgage, check that your lender allows you to overpay it penalty-free, and if there are any limits as to how much you can overpay.

Ensure that any overpayment you make goes to reduce the debt (so shortening the term) rather than reducing your monthly payments. This calculator assumes you reduce the mortgage debt, which is the main benefit of overpaying.

Overpaying would save you <> in interest alone,

and mean you pay the debt off in full <> years <><> earlier.

Normally you repay <> per month. If you regularly overpay <> overpay a lump sum of <> % and a regular overpayment of <> overpay a lump sum of <> %. you’d be mortgage free <> years and <><> earlier. before your interest-only mortgage term is due to end. have <> mortgage debt remaining at the end of your term. Your total payment over this period would be <> .

Also note: If you’d face a large penalty for overpaying, consider reducing the term of your mortgage, for a small fee. This increases your monthly payments, in effect permanently overpaying.

Could you get a cheaper rate?

Use the MSE’s Mortgage Best Buys Comparison to find the best deal for you.

Your mortgage debt over time

IMPORTANT! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It’s important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Assumptions

In order to create these results, we have had to make a few assumptions:

  • 1) Interest is charged monthly.
  • 2) Interest rate stays the same over the term.
  • 3) If you selected ‘Interest only’, we assume your standard monthly payment doesn’t decrease even if you pay off some of the balance.

Martin’s FREE Printed Mortgage Help Booklets

  • First Time Buyers Guide Printed or PDF
  • Remortgaging Guide Printed or PDF

Online Mortgage Guides

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • We don’t AS a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the section 75 guide for protection tips).
  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code .

More tools from MoneySavingExpert

Budget Planner

Free tool to analyse your finances and scrutinise spending.

Premium Bonds Calc

Unique tool uses probability to estimate winnings.

EBay Local Deals Mapper

Find cheap pick-up only items near you – they often attract fewer bids.

MobileValuer.com

Selling an old mobile phone? It compares who pays the most.

Credit Card Eligibility Calc

Shows which top cards you’re most likely to get.

MegaShopBot.com

Instantly searches the best shopping comparison sites.

Cheap Energy Club

Ensures the cheapest energy deal constantly.

TravelMoneyMax.com


Mortgage Overpayment Calculator #refinance #mortgage #rates


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.


Mortgage Overpayment Calculator: Pay off your debt early #mortgage #lending


#interest calculator mortgage

#

Ultimate Mortgage Calculator New!

Before overpaying your mortgage, check that your lender allows you to overpay it penalty-free, and if there are any limits as to how much you can overpay.

Ensure that any overpayment you make goes to reduce the debt (so shortening the term) rather than reducing your monthly payments. This calculator assumes you reduce the mortgage debt, which is the main benefit of overpaying.

Overpaying would save you <> in interest alone,

and mean you pay the debt off in full <> years <><> earlier.

Normally you repay <> per month. If you regularly overpay <> overpay a lump sum of <> % and a regular overpayment of <> overpay a lump sum of <> %. you’d be mortgage free <> years and <><> earlier. before your interest-only mortgage term is due to end. have <> mortgage debt remaining at the end of your term. Your total payment over this period would be <> .

Also note: If you’d face a large penalty for overpaying, consider reducing the term of your mortgage, for a small fee. This increases your monthly payments, in effect permanently overpaying.

Could you get a cheaper rate?

Use the MSE’s Mortgage Best Buys Comparison to find the best deal for you.

Your mortgage debt over time

IMPORTANT! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It’s important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Assumptions

In order to create these results, we have had to make a few assumptions:

  • 1) Interest is charged monthly.
  • 2) Interest rate stays the same over the term.
  • 3) If you selected ‘Interest only’, we assume your standard monthly payment doesn’t decrease even if you pay off some of the balance.

Martin’s FREE Printed Mortgage Help Booklets

  • First Time Buyers Guide Printed or PDF
  • Remortgaging Guide Printed or PDF

Online Mortgage Guides

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • We don’t AS a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the section 75 guide for protection tips).
  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code .

More tools from MoneySavingExpert

Budget Planner

Free tool to analyse your finances and scrutinise spending.

Premium Bonds Calc

Unique tool uses probability to estimate winnings.

EBay Local Deals Mapper

Find cheap pick-up only items near you – they often attract fewer bids.

MobileValuer.com

Selling an old mobile phone? It compares who pays the most.

Credit Card Eligibility Calc

Shows which top cards you’re most likely to get.

MegaShopBot.com

Instantly searches the best shopping comparison sites.

Cheap Energy Club

Ensures the cheapest energy deal constantly.

TravelMoneyMax.com


Mortgage Overpayment Calculator #mortgage #rates #compare


#bankrate mortgage calc

#

Mortgage Overpayment Calculator

Mortgage Overpayments calculator

The Mortgage Overpayments calculator calculates the time and interest saved paying off a loan when making regular monthly overpayments. The overpayments are made after the start of the loan, are paid monthly in addition to the standard monthly mortgage payments and remain constant throughout the term of the loan.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remain constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly repayment not the projected loan term.

Warning – The information provided by this tool is for guidance, and does not include all of the details you need to choose a mortgage. Please ensure you obtain and review a separate Key Facts Illustration Help before you make a decision.

Key Facts Illustration (KFI)

A KFI requires all lenders to set out the details of all associated rates and fees for a mortgage product in the same format to enable customers to easily compare products.

If you wish to apply for a mortgage, please use our find and compare tool for details of the HSBC mortgages that may be available to you.

Take a look at the Making Overpayments section to find more information.

You cannot use this calculator as you do not have javascript enabled, please call our mortgages team on 0800 169 6333 .

Compare mortgages details so you can decide which one is right for you

Calculator Assumptions

Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks Fortnights in a Year – One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Payment Amounts – The calculator uses the unrounded payment to derive the amount of interest payable over the full term of the loan, however, institutions round payments to the nearest pence. Unrounded payments provide for constant line within the graph. Note that the final payment after the increase in payment amount will be a partial payment as required to reduce the loan balance to zero.

Rounding of Time Saved – The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved – This number is not rounded and is approximated from the time saved and does not take into account any interest payable on the balance in the final month where it is not a complete month.

Interest Rates – The calculator assumes that interest rates will remain the same.

Overpayments – The calculator assumes that the overpayments illustrated remains constant throughout the life of the loan and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the standard monthly payment not the projected loan term.

The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

In order to set up an overpayment you will need to contact us on 0345 766 2255 once your mortgage is opened. Lines are open 08.00-18.00 Mon-Fri and 09.00-16.00 Sat.

The figures provided by the calculator are a guide only and are not a precise calculation.

Your property or home may be repossessed if you do not keep up repayments on your mortgage.