Mortgage payoff calculator
See how extra monthly payments या a lump sum shorten your mortgage और cut ब्याज.
Mortgage payoff calculator के बारे में
See how extra monthly payments या a lump sum shorten your mortgage और cut ब्याज.
SmartCalcy के “बंधक और रियल एस्टेट” अनुभाग का हिस्सा। यह आपके ब्राउज़र में बिना खाते के चलता है, आपकी अपनी मुद्रा और इकाइयाँ इस्तेमाल करता है (पेज के ऊपर बदलें), और केवल जानकारी के लिए अनुमान देता है, इसलिए किसी नतीजे पर भरोसा करने से पहले आधिकारिक मार्गदर्शन देखें।
Mortgage payoff calculator का उपयोग कैसे करें
यह क्या गणना करता है और कब उपयोग करें
This calculator shows how much sooner you could be mortgage-free, और how much interest you would save, if you overpay each mon-वाँ या make a one-off lump sum.
उपयोग कैसे करें, चरण दर चरण
- Enter your धारा शेष राशि, ब्याज दर और the वर्ष remaining.
- Add the extra amount you can pay each mon-वाँ और any lump योग you could वेतन now.
- Compare the new payoff समय और ब्याज with the मूल plan.
हर इनपुट का मतलब
- Mortgage शेष राशि now – What you still owe, not the मूल loan.
- ब्याज दर – Your धारा वार्षिक दर.
- वर्ष left – The remaining अवधि on the mortgage.
- हर महीने अतिरिक्त – Money added से प्रति वस्तु regular payment.
- Lump योग – A one-off payment applied immediately से the शेष राशि.
परिणाम कैसे पढ़ें
- Mortgage-free इंच – How long the loan lasts with your overpayments.
- ब्याज saved – ब्याज without extra payments minus ब्याज with them.
- Payment you make now – The required payment plus your extra मात्रा.
सूत्र
The required payment है P × r ÷ (1 − (1 + r)^−n). Each month interest = balance × r, और the whole payment plus extra, minus that ब्याज, reduces the शेष राशि. The loop runs तक the शेष राशि reaches zero.
एक हल किया उदाहरण
18 years 9 में 1,228.17. Paying 200 more each month clears it के A 200,000 balance at 5.5% with 25 years left has a required payment महीने, 6 वर्ष 3 महीने sooner, और about 47,770. के cuts interest from 168,452 से 120,683, a saving
मान्यताएँ और सीमाएँ
- A fixed दर के लिए the term. के the rest
- सालाना the balance. का Overpayments are accepted without charge. Many lenders cap penalty-free overpayments, often पर 10%
- The lump योग है भुगतान वाले immediately.
आम गलतियाँ
- Overpaying while carrying higher-rate debt such as credit cards. साफ़ करें the dearest debt first.
- Using up emergency savings के लिए overpayments.
- Forgetting that a fixed deal may carry an early repayment charge.
अक्सर पूछे जाने वाले प्रश्न
Is overpaying always better than investing?
Overpaying earns a guaranteed return equal से your mortgage rate. Investing might earn more but है not guaranteed, so the answer depends on the दर और your risk tolerance.
Does a lump योग या monthly overpayment save और?
Money paid earlier saves more interest, so a lump sum now generally saves more than the same total spread over साल.
संबंधित टूल
विवरण
- Payment you make now
- £1,428.17 प्रति माह£1,228.17 required
- ब्याज without extra payments
- £168,452.50
- ब्याज with extra payments
- £120,682.73
- ब्याज saved
- £47,769.76
- मूल payoff समय
- 25 वर्ष
साल दर साल
| वर्ष | मूलधन | ब्याज | शेष राशि |
|---|---|---|---|
| 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 |