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To use our calculator, input your bi-weekly mortgage amount, interest rate, loan length, mortgage start date, overpayment start date and amount of overpayment. For example, if your required payment is $1,300 and the payment you make is $1,500, your overpayment amount is $200.
If you take out a 30 year loan for $250,000.00 with a 5.100% interest rate, for example, your monthly payment (interest and principal only) will be $1,357.37. By the time the 30 year time
The calculator will reveal how many years this overpayment would save over the life of your mortgage and how much it would save you in terms of total interest. You'll also get a breakdown of current monthly repayments split into principal and interest - and how the overpayment would compare. If you don't have an overpayment in mind
Mortgage Calculator With Extra Payments, Use the Extra Payments Calculator 1 to understand how making additional payments may save you money by decreasing the total amount of interest you pay over the life of your home loan. Enter your loan information and find out if it makes sense to add additional payments each month. Extra Payments Calculator,
MORTGAGE OVERPAYMENT CALCULATOR, You can use our mortgage overpayment calculator to find out how much money you can save on interest over the life of your mortgage. If you have any other questions just get in touch with our advisors who will be happy to help! Work Out The Cost Savings Of Making An Overpayment On Your Mortgage,