In the first few years of the mortgage, you're paying proportionally more interest, so the debt only reduces slowly, as the table above shows.

However, making overpayments can eat into the debt and massively reduce the amount you repay in total as it means less interest overall always check there aren't overpayment penalties beforehand. Use our Overpayment Calculator to see how much you can save. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information.

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Mortgage Overpayment Calculator

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Use the MSE's Mortgage Best Rick ross money maker instrumental download Comparison to find the best deal for you. The nerdy bit — see how the debt is gradually paid off In the first few years of the mortgage, you're paying proportionally more interest, so the debt only reduces slowly, as the table above shows.

Assumptions In order to create these results, we have had to make a few assumptions: How this site works We think it's important you understand the strengths and limitations of the site. This info does not constitute financial advice, always do your own research on money saving expert mortgage overpayment calculator to ensure it's right for your specific circumstances and remember we focus on rates not service. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.

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Should you pay off your mortgage early? - Money Advice Service

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