A mortgage payment and overpayment calculator tool to assist with affordability and early repayment potential for a standard property mortgage within the UK. Monthly payments calculated to provide indication of monthly and total costs including interest for mortgage products over their lifespan.
The app allows for an initial mortgage deal rate with the remainder of the term at lenders default Standard Variable Rate (SVR), where a new deal is not be entered into. Understand the power of regular overpayment in reduction of mortgage term and the associated savings.