The best mortgage repayment calculator out there

Miss Thrifty3 June 15, 2010

Mortgage calculator Mortgage repayment calculators: ah, I’ve known a few. I ripped through them while compiling Miss Thrifty’s mortgage masterplan last year. Horrified that just £200 of our monthly mortgage payment was going towards the repayment of the principle amount, I worked out that if we overpaid by £500 every month, we could save £43K in bank interest payments and we would pay off our mortgage 13 years early.

My fellow personal finance blogger Monevator has just launched a shiny new mortgage repayment calculator on his site – and do check it out if mortgage overpayment is a subject that interests you, because this really is the best tool of its kind that I have seen.


Well, you fill out a simple form (below, with sample figures) and find out just how much money and time you can save:

mortgage overpayment calculator

But it gets better! This calculator also provides pretty pictures useful graphs for additional clarity and encouragement:

Mortgage overpayment calculator

You can find it here at Monevator.

Calculator image credit: Creative Tools.

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3 Responses to “The best mortgage repayment calculator out there

Monevator says:

Wow, thanks very much for the rave review Miss Thrifty! 🙂

Well done on keeping up the UK end of the quest for frugality.

June 15, 2010 at 11:54 am

missthrifty says:

Ah, I do my best! You are very welcome. 🙂

June 15, 2010 at 12:05 pm

James Lower says:

Thanks for this. I’ve been looking for somewhere to point clients to for working out mortgage payments and calculations. Now I have somewhere.

October 24, 2012 at 4:17 pm

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