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Mortgage Payment and Overpayment Calculators

Use our comprehensive tools to calculate your monthly mortgage payments and discover how overpayments can help you save money and pay off your mortgage faster.

For personalized mortgage advice, we recommend speaking to one of our expert advisers. This calculator is intended for illustrative purposes only and does not constitute financial advice. The results are based on the figures inputted and should be used as a guide only. 

There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £395 to £695 and we don’t charge a fee for product transfer. This will be discussed and agreed with you at the earliest opportunity.

Mortgage Payment Calculator

Understand your monthly mortgage payments with ease. Our mortgage payment calculator helps you estimate your monthly payment based on loan amount, interest rate, and loan term.

How to Use the Mortgage Payment Calculator

Simply enter the total amount of your mortgage, the interest rate, and the term of the loan. The calculator will provide you with an estimate of your monthly payments, giving you a clearer picture of your financial commitment.

Why It’s Important to Know Your Monthly Mortgage Payment

Knowing your monthly mortgage payment is crucial for budgeting and financial planning. It ensures you can manage your expenses effectively and avoid any surprises.

Mortgage Overpayment Calculator

Discover how making regular overpayments can significantly reduce the term of your mortgage and save you thousands in interest payments over the life of your loan.

How to Use the Overpayment Calculator

Enter your current mortgage details, including the loan amount, interest rate, and loan term. Then, add the amount you plan to overpay each month. The calculator will show you how much sooner you can pay off your mortgage and how much interest you will save.

Benefits of Making Mortgage Overpayments

Overpaying your mortgage can help you become mortgage-free sooner and reduce the overall cost of your loan. It’s an effective strategy to save on interest and build equity faster.

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YOUR HOME / PROPERTY MAY BE REPOSSESD IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £395 to £695 and we don’t charge a fee for product transfer. This will be discussed and agreed with you at the earliest opportunity. JILA Financial Services Ltd, trading as John Hollis - Mortgage Adviser, is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. JILA Financial Services Ltd is registered in England and Wales with company number 13422315. Registered Office: 48 Redwood, Westhoughton, Bolton, BL5 2RU. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK. *The FCA does not regulate some forms of Buy-to-Lets. **Lifetime Mortgages are only applicable to those over 55 and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration.

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©2020 by John Hollis - Mortgage Adviser.

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