Mortgage Repayment Calculator
Interest only amount cannot be higher than the total mortgage amount.
Loan Value Over Time
See how your selected borrowing structure affects the loan balance over time, and add a monthly overpayment to model how the debt could reduce faster.
Overpaying the interest-only part reduces the balance left at the end of the term. Overpaying the repayment part clears that element sooner.
Because part of this mortgage is not repaid by the monthly payments, overpayments reduce the balance left at the end of the term rather than shortening it.
Most lenders allow overpayments up to 10% of your outstanding mortgage balance each year without incurring an early repayment charge during a fixed or discounted rate period. Limits and conditions vary by lender and mortgage product. Check your mortgage offer before making overpayments.
| Year | Selected Mortgage Balance | With Overpayments | Capital Paid | Interest Paid |
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This calculator is for illustration only. It does not include fees, lender rules, early repayment charges, product changes, or changes to interest rates.
