Mortgage overpayment calculator.
See the difference an overpayment could make.
Mortgage overpayment calculator.
Making a mortgage overpayment can make a big difference – with our mortgage overpayment calculator you’ll be able to see how a lump sum overpayment could work out in the long term, such as saving you interest and shortening the overall term of your loan.
It’s important to remember some mortgage deals may apply fees or penalties for making overpayments, so check the terms of your mortgage or your European Standardised Information Sheet (ESIS) carefully.
Calculating a mortgage overpayment.
Using our calculator you will be able to see how adding a lump sum overpayment, also known as a capital repayment, could affect your mortgage repayments. Instead of reducing your remaining monthly repayments, you may have the option of shortening your mortgage term, depending on the amount you wish to repay and the terms of your mortgage.
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£
£
£
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Monthly repayment £XX
Total interest repaid over full mortgage term £XX
Total amount repaid over full mortgage term (loan + interest) £XX
Please note: The results are for illustration purposes only.
This mortgage overpayment calculator should only be used as an indicative tool. Fees and charges may apply for making overpayments to your mortgage. Speak to your mortgage lender for full details.
Suffolk Building Society mortgages
Existing mortgage borrower?
If you’re a Suffolk Building Society mortgage borrower typically our mortgage products have a set allowance for fee-free overpayments to be made, either on a regular or lump sum basis.
To find out the terms of your mortgage product view your personalised European Standardised Information Sheet (ESIS), which will detail your fee-free allowance and the Early Repayment Charges which may apply for exceeding the fee-free allowance. To make an overpayment you can either increase your direct debit or make a one-off payment.
More about mortgages.
Haven’t found what you’re looking for? We’ve got you covered. Browse through our useful guides, tools and resources for more information.
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