Accelerated Repayment Calculator

This calculator is designed to provide indicative data for loan repayments - enter your interest rate and find out how much you can expect to pay each month to pay the loan off over 25 years.

Put in the maximum you might be able to pay each month into the calculator and see what a difference it makes to the overall payment and time taken to buy your house.

In practice you do not have to commit to this higher amount every month - simply setting money aside and putting it in as a capital reduction when you can spare it will have the same effect. (This may be of particular note to those who have special deals that penalise early capital repayment).

Note - surprisingly small accelerated payments can shorten the mortgage by several years and lead to savings of thousands of pounds.

Interest - for mathematical simplicity the interest is calculated on the basis of the twelfth root of the rate selected, and the outstanding capital recalculated each month. As mortgage interest calculations are more complex in practice, these figures are for guidance purposes only and will not match those quoted by a lender.

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

The figures calculated are purely a guide and cannot be guaranteed. If you require more information or advice please contact us.