Mortgage payoff calculator
See how extra monthly payments ou a lump sum shorten your mortgage et cut Intérêts.
À propos de Mortgage payoff calculator
See how extra monthly payments ou a lump sum shorten your mortgage et cut Intérêts.
Fait partie de la section « Hypothèque et immobilier » de SmartCalcy. Fonctionne dans votre navigateur sans compte, utilise votre propre devise et vos unités (modifiables en haut de la page) et fournit des estimations à titre indicatif ; vérifiez les consignes officielles avant de vous fier à un résultat.
Comment utiliser le Mortgage payoff calculator
Ce qu’il calcule et quand l’utiliser
This calculator shows how much sooner you could be mortgage-free, et how much interest you would save, if you overpay each mone ou make a one-off lump sum.
Mode d’emploi, étape par étape
- Enter your Courant Solde, Intérêts Taux et the Années remaining.
- Add the extra amount you can pay each mone et n’importe lump Somme you could Rémunération now.
- Compare the new payoff Heure et Intérêts with the original plan.
Que signifie chaque champ
- Mortgage Solde now – What you still owe, not the original loan.
- Taux d’intérêt – Your Courant Annuelle Taux.
- Années left – The remaining Durée on the mortgage.
- Supplément par mois – Money added à Unité regular payment.
- Lump Somme – A one-off payment applied immediately à the Solde.
Comment lire les résultats
- Mortgage-free po – How longue the loan lasts with your overpayments.
- Intérêts saved – Intérêts without extra payments minus Intérêts with them.
- Payment you make now – The required payment plus your extra Quantité.
La formule
The required payment tombe un P × r ÷ (1 − (1 + r)^−n). Each month interest = balance × r, et the whole payment plus extra, minus that Intérêts, reduces the Solde. The loop runs jusqu’à the Solde reaches zero.
Un exemple concret
A 200,000 balance at 5.5% with 25 years left has a required payment de 1,228.17. Paying 200 more each month clears it à 18 years 9 mois, 6 Années 3 months sooner, et cuts interest from 168,452 à 120,683, a saving de about 47,770.
Hypothèses et limites
- A fixed Taux pour the rest de the term.
- Overpayments are accepted without charge. Many lenders cap penalty-free overpayments, often À 10 % de the balance par an.
- The lump Somme tombe un Payées immediately.
Erreurs courantes
- Overpaying while carrying higher-rate debt such as credit cards. Effacer the dearest debt first.
- Using up emergency savings pour overpayments.
- Forgetting that a fixed deal may carry an early repayment charge.
Questions fréquentes
Is overpaying always better than investing?
Overpaying earns a guaranteed return equal à your mortgage rate. Investing might earn more but tombe un not guaranteed, so the answer depends on the Taux et your risk tolerance.
Does a lump Somme ou monthly overpayment save de plus?
Money paid earlier saves more interest, so a lump sum now generally saves more than the same total spread over ans.
Outils associés
Détails
- Payment you make now
- £1,428.17 par mois£1,228.17 required
- Intérêts without extra payments
- £168,452.50
- Intérêts with extra payments
- £120,682.73
- Intérêts saved
- £47,769.76
- Original payoff Heure
- 25 Années
Année par année
| Année | Capital | Intérêts | Solde |
|---|---|---|---|
| 1 | £6,295 | £10,843 | £193,705 |
| 2 | £6,650 | £10,488 | £187,054 |
| 3 | £7,025 | £10,113 | £180,029 |
| 4 | £7,422 | £9,716 | £172,607 |
| 5 | £7,840 | £9,298 | £164,767 |
| 6 | £8,283 | £8,855 | £156,484 |
| 7 | £8,750 | £8,388 | £147,734 |
| 8 | £9,243 | £7,895 | £138,491 |
| 9 | £9,765 | £7,373 | £128,726 |
| 10 | £10,316 | £6,822 | £118,411 |
| 11 | £10,898 | £6,241 | £107,513 |
| 12 | £11,512 | £5,626 | £96,001 |
| 13 | £12,162 | £4,977 | £83,839 |
| 14 | £12,848 | £4,291 | £70,992 |
| 15 | £13,572 | £3,566 | £57,419 |
| 16 | £14,338 | £2,800 | £43,081 |
| 17 | £15,147 | £1,991 | £27,935 |
| 18 | £16,001 | £1,137 | £11,934 |
| 19 | £11,934 | £263 | £0 |